Tuesday, November 23, 2010

the stock markets and the news

i don't know much about the markets. i tried to look into investing but quickly realised i knew nothing. however, it appears most people know nothing. although i am basing my evidence here on the sample of journalists who write for the bbc.
yesterday i read this article, which stated that the reason the market was going up was because of the EU bail out for Ireland. (note, it was a reason given explaining why the markets were going up, not a prediction.)

i had to find it in the google cache because it has since been deleted. because the markets changed.
there is now this article, preceded by this article, which states the markets are going down, because of the EU bail out....
The exact same reason is given for why the markets are no going down. note again that it's not a prediction, but a reason given for why something happens.

This indicates to me they don't have a clue what they are talking about. which is somewhat comforting and makes me think if i learnt enough, and was lucky enough maybe i could invest. but don't hold your breath.

i have realised all the bbc is good for is unintentional humour.
see this article, about a man whose home was infested with rats in lala land. what was the first thoughts of his neighbours? call a reality tv show. obviously.


Bossanova21 said...

lol great post

Mudwig said...

ty for your kind words nova.
comments are the lifeblood of a blog and are gratefully received

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