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Investment news is interesting for the metadata. Professional politicians don't watch CNN because they lack information that CNN can provide. They watch CNN so

by s_q_b 10y ago

Investment news is interesting for the metadata. Professional politicians don't watch CNN because they lack information that CNN can provide. They watch CNN so they know what the public is being told. Professional investors don't look to Bloomberg News for information. They look to know what other, lesser informed, market participants are being told. Awareness of the ambient information supplied to the masses is valuable in both scenarios.

jknoepfler 10y ago
That's a fair point. I agree with you. The sentiment of the article, taken as a data point, probably has some useful properties insofar as it predicts market/voter/etc. behaviour. I wouldn't publish an article about it unless I'd tested that claim, though ;)
- meric 10y ago
  Or more nebulously, CNN and Bloomsberg is a vehicle for presenting a view of the economy so as to directly influence the awareness of other, lesser informed, market participants.
hash-set 10y ago
That is correct. It's like that shill, what's his name? Cramer. That guy's advice is worthless, but he was put on tv for a reason. Doesn't it bother anyone else that our media today merely exists to message lies?
- digler999 10y ago
  > That guy's advice is worthless how could it be useful ? How could there be a single strategy that could be broadcast on national TV that could be profitable for literally everyone watching it ? What would such a strategy look like and how would not be self-defeating or feedback induced bubble-producing ? I think Cramer is not only interesting but he makes learning the markets fun. He teaches noobs how to think (or at least, one possible philosophy out of many). How to act like a trader and how NOT to make stupid decisions. He's not there to make you money as your personal "pick-em" advisor. Because even if he was right the whole market would follow him and instantly correct itself. Hes a coach telling you keep your knees bent, keep your eye on the ball, stay in shape, etc. What else would you expect from a one-size-fits-all tv program ?
- deleted 10y ago
  [deleted]

by s_q_b 10y ago

jknoepfler 10y ago

That's a fair point. I agree with you. The sentiment of the article, taken as a data point, probably has some useful properties insofar as it predicts market/voter/etc. behaviour. I wouldn't publish an article about it unless I'd tested that claim, though ;)

meric 10y ago
Or more nebulously, CNN and Bloomsberg is a vehicle for presenting a view of the economy so as to directly influence the awareness of other, lesser informed, market participants.

hash-set 10y ago

That is correct. It's like that shill, what's his name? Cramer. That guy's advice is worthless, but he was put on tv for a reason. Doesn't it bother anyone else that our media today merely exists to message lies?

digler999 10y ago
> That guy's advice is worthless how could it be useful ? How could there be a single strategy that could be broadcast on national TV that could be profitable for literally everyone watching it ? What would such a strategy look like and how would not be self-defeating or feedback induced bubble-producing ? I think Cramer is not only interesting but he makes learning the markets fun. He teaches noobs how to think (or at least, one possible philosophy out of many). How to act like a trader and how NOT to make stupid decisions. He's not there to make you money as your personal "pick-em" advisor. Because even if he was right the whole market would follow him and instantly correct itself. Hes a coach telling you keep your knees bent, keep your eye on the ball, stay in shape, etc. What else would you expect from a one-size-fits-all tv program ?
deleted 10y ago
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