TheStreet.com’s Marek Fuchs was all beside himself after listening to a National Public Radio “Marketplace” segment on what the election results will mean to the stock market.
Fuchs wrote, “It opens with the lead-in from the host, ‘For some on Wall Street, gridlock is not such a bad thing.’
“At that, The Business Press Maven was all ears.
“This may be the most worthless and weak line in business journalism history. Not every economist thinks alike on anything, even what day of the week it is.
“Still, I had hope.
“Maybe the point of the report was that though the stock market has been anticipating gridlock with such glee, it wouldn’t turn out to be so good for stocks.
“A contrary take? No such luck, as the report’s conclusion shows: ‘The equity markets would fare well under divided government, say some analysts, but others say a Democratic win in the House could make things difficult for some sectors.’
“This is like a weatherman telling you that it might be sunny, unless, of course, it rains.”
Read more here.
The Indianapolis Business Journal is looking for our next news editor, a role that focuses…
Axios has chosen Ben Berkowitz to be its next managing editor of business and markets.…
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm thrilled…
Rest of World editor in chief Anup Kaphle sent out the following on Monday: We are excited…
The Financial Times has hired Veena Venugopal as its India newsletter editor. She has been working at…
Benjamin Parkin has been named Middle East and Africa news editor at the Financial Times, based…