XAO 0.07% 8,705.0 all ordinaries

Short Term Trading Week Starting: 26 November 2018, page-83

  1. 793 Posts.
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    You made interesting comments about the financial media. My son had a PhD thesis entitled "Public perceptions of the media" in his psychology studies some time ago, which we have discussed vigorously at times.

    The publications and the journos need to create reasons for their continued existence and money flows. That overrides all other considerations, including a need to be impartial, or to thoroughly research a topic before writing about it.

    Any retrospective analysis of opinions compared to ACTUAL outcomes would probably be below 50% accurate. I have not done this, but I expect that to be close.

    Even a coin toss would give you a 50% probability of being right. I read these articles, particularly in MarketWatch for amusement while taking small snippets of time off from watching market info.


 
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