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I wonder why Bloomberg didn't try to put this drop into perspective, somehow. Surely there are traditional measures of volatility, and they could have presented
by johan_larson 10y ago
I wonder why Bloomberg didn't try to put this drop into perspective, somehow. Surely there are traditional measures of volatility, and they could have presented those. Why didn't they?
The simple answer is that bold statements grab more eyeballs, I suppose. But is that all there is to it?
- slackstation 10y agoBecause news agencies make money from attention not accurate and usable information. Also, financial market movement has so many factors that govern their movement, that in the short term it looks random but, peoples' daily need for news forces them to put a narrative to almost random short term moves. Now this movement seems clear but, I can't know and verify for sure unless I have a representative sample of trader sentiments to know why they chose to buy or sell the stock that day.
- flukus 10y ago> Because news agencies make money from attention not accurate and usable information. Doesn't bloomberg have a specific market that values accurate and usable information over click bait?