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Whenever the stock market goes down there is a default, likely algorithmically produced headline that says "This is the worst its been since the last time it wa
by Eddy_Viscosity2 1y ago
Whenever the stock market goes down there is a default, likely algorithmically produced headline that says "This is the worst its been since the last time it was this bad which was X ago". Meaningless.
- baq 1y agousually a good contra signal, anyway
- layer8 1y agoInforming about the current value of X is not meaningless.
- biophysboy 1y agoA reference point adds a small amount of meaning
- AnimalMuppet 1y agoWorst since April? So, worst in 6 months? That's... not very impressive. It sounds like you should expect this to happen twice a year or so. I'm not sure that they intended to give that impression...
- Esophagus4 1y agoThe worst rainy second Tuesday of the month since 2023… I see the same thing in sports broadcasting. “No 24 year old rookie player has started the season with this many at bats from the left side of the plate against visiting teams since…”
- barbazoo 1y agoThat made me laugh, they must get bombarded with stats at any time they can just pick and choose from. I bet to some degree it's also about filling the air with something to say.
- Esophagus4 1y agoAgreed - I think they need to fill the air, but I also think the growth of data analytics makes these stats much easier to find now, whereas they were probably more obscure before.
- potato3732842 1y agoI think that needlessly specific statistics is an in group joke among the trade. I can't tell, but it sure looks like it.
- Esophagus4 1y agoI’d do the same, glad the stats department is having fun at work :)
- potato3732842 1y agoI kind of look forward to AI written/approved headlines because we'll get more funny gems from the AI not getting the implications of out of scope context.