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You see the opposite effect with reporting on the DJIA, where a 500 point move is treated like a big event even though it's is not nearly as significant today a
by kevin_thibedeau 1y ago
You see the opposite effect with reporting on the DJIA, where a 500 point move is treated like a big event even though it's is not nearly as significant today as it was 30 years ago. They ignore the more relevant percentage change in favor of the more sensational representation.
- AdamN 1y agoThat's not statistics as much as sensationalism. Every morning on WSJ at about 7am you'll see a 'live' update about how the markets and futures are in a 'selloff' or 'surging' even if the percentages are like 0.3% in either direction.