Economics

Stock values rise. Stock values fall. Hundreds of millions of investors – some savvy, others not – make decisions that affect closing prices on each and every stock. Elated by upswings? Depressed by falling prices?

Live with it.

Supply and demand is affected by both emotion and behavior. Of many people acting independently and en masse. If that floats your boat then there is a cause and effect thing working and you can call that a reason why the price rose or fell on any specific stock offering. Nothing more can be said about it. There is no major intellectual finding to be extracted from the happening.

Sort of like a weatherman stating the obvious: it rained today. It might rain tomorrow. Be prepared. 

Thank you very much!

Economic newscasters are not either – economists or casters of news. They predict and pontificate on unknown causation of what they are blabbering about.  I know this sounds harsh. But I have reason to say these words and to feel the heat behind them.  Public talking heads affect the news, stock prices, and the futures of countless billions of people. Just by opening their mouths.  If they simply reported the facts they and we would all be in a better place.

CNBC ought to shut down operations. They offer no palpable value to the human experience. Same for Fox Business News. It’s not about business or news. It is about opinion and influence. Period.

Like reporting on the weather, merely tell us the opening and ending prices on the markets. Indicate if we need umbrellas or parachutes for the next day. Otherwise keep your opinions (half baked as they are!) to yourself.

June 25, 2013