Categories: OLD Media Moves

Does daily market coverage make any sense?

Jack Naudi, a business columnist with the St. Louis Post-Dispatch, doesn’t think so. In his column this morning, he writes: “I had an interesting discussion recently with a reader who is convinced that when the Dow hits any number with three zeroes at the end, investors should pay attention.

“But reaching round numbers isn’t all. You have to look at trading volume as well.

“I admit, I don’t understand this type of analysis. It makes my head spin. So does the Wall Street Journal, a publication I think is one of the best in the world. Every day, the Journal writes about markets, attempting to explain why they move up or down based on one or two variables.

It’s a laughable proposition to simplify the combined movement of thousands of stocks. And for the vast majority of investors, it’s meaningless. It doesn’t do you much good today to know why stocks moved yesterday.

To read the entire column, go here.

Recent Posts

Marfil among the WSJ layoffs in DC

Jude Marfil, newsroom operations manager for The Wall Street Journal in its Washington office, was…

24 mins ago

Greene departing Cointelegraph

Tristan Greene, deputy U.S. news editor at cryptocurrency news site CoinTelegraph, is leaving next month…

31 mins ago

Dynamo hires former Business Insider executive editor Harrington

Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

2 days ago

Bloomberg TV hires Kerubo as desk producer

Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

2 days ago

Jittery CNBC staff reassured by new boss

In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

2 days ago

Making business news accessible to a wider audience

Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

2 days ago