My dad calls it the Financial deus-ex-machina. Every single financial newspaper does it. To be fair, they gotta report what happened with the market so the headline has to capture something in addition to simply "DOW down 300 points". It is not useless, quite the contrary - you get an idea about facts + some context in less than a second of reading the headline. That's efficiency! No one is going to make correlation-is-not-causation arguments off of a morning headline. But it is funny:
“DOW down 300 points as investors worry about Russian aggression”
Next day:
“DOW up 300 points as investors re-assess the Russian aggression”
The financial world cracks me up. Dial in any earnings call to play the headwinds, tailwinds, double-down, as we continue to, can you add color to that?, etc bingo.
“DOW down 300 points as investors worry about Russian aggression”
Next day:
“DOW up 300 points as investors re-assess the Russian aggression”
The financial world cracks me up. Dial in any earnings call to play the headwinds, tailwinds, double-down, as we continue to, can you add color to that?, etc bingo.