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"Sharp retreat: European oil stocks react" I wish financial reporters would stop using blatant hyperbole. The graph shows a -0.21% drop. That's nothing. Th
by prewett 9y ago
"Sharp retreat: European oil stocks react"
I wish financial reporters would stop using blatant hyperbole. The graph shows a -0.21% drop. That's nothing. The intraday noise is half that amount. 5% might be a "sharp drop," 10% definitely would be, but 0.2%, is not even a blip. A more realistic report would be "European stocks practically ignore Norwegian fund's announcement to leave oil" but that would not support their message that Norway is doing this as a statement about climate change. (In fact, as reported, their statement said nothing about the reasons for diversification, so the report's twisting that into a polemic about how everyone is abandoning oil is unjustified.)
- gervase 9y ago"Minuscule blip: European oil stocks not really affected" doesn't grab those clicks, though. They won't stop using hyperbole for headlines unless the evolutionary pressure (i.e. revenue model) significantly changes for news media.
- em3rgent0rdr 9y ago"Sharp drop or miniscule blip? Environmental activism or cold economic calculation? Find out which Nordic country made this sudden bold move to their portfolio!"