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

Pacific Business News hires Meierdiercks as editor in chief

The Pacific Business News, an American City Business Journals publication, has hired Janis Magin Meierdiercks  as…

10 hours ago

Sifted reporter Nowshin departs

Sadia Nowshin, a reporter at European startup news site Sifted, is leaving to join literary…

10 hours ago

Variety promotes Shanfeld to TV reporter

Variety has promoted Ethan Shanfeld to TV reporter. William Earl of Variety writes, "Shanfeld joins the entertainment…

10 hours ago

Klimasinska named Bloomberg’s DC breaking news team leader

Kasia Klimasinska is the new team leader for DC breaking news at Bloomberg News. She…

12 hours ago

NYC event to honor Ledbetter is next week

  Paul Smalera has organized a gathering of James Ledbetter's friends and colleagues—open to all…

14 hours ago

CoStar hires Scheier to cover San Francisco market

Real estate news service CoStar News has hired Rachel Scheier to cover the San Francisco commercial market.…

14 hours ago