Will Dow record receive same amount of coverage?
Chris Lester, the Kansas City Starâ€™s assistant managing editor for business, wrote in Tuesday’s paper that some of his section’s readers are demanding equal coverage to a new record for the Dow Jones industrial average.
Lester wrote, “In the past few days, several devoted readers have called in a stir, fueled in part by the upcoming midterm elections and talk radio chatter. Each one demanded that we run a story and headline exactly the size as the one fixed in their memories the last time the Dow stood at such lofty heights.
“‘Youâ€™d do it if Clinton was still president,’ groused one reader.
“Now Iâ€™ll admit there were some pretty big headlines back in the days of irrational exuberance, just as there were throughout the subsequent tech and telecom crash. But I took the liberty of actually checking the stock market story we ran on Jan. 15, 2000. The story, written with a fairly ho-hum-just-another-record tone, appeared on Page 3 of the Business section.
“The lessons are rather simple. When it comes to financial markets, you never know youâ€™ve been to the top until after youâ€™ve rolled back down that hill. In life, itâ€™s also more important to know what direction youâ€™re going than where youâ€™re standing.”
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