When it comes to screenshots of tweets, don’t be a credulous idiot

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The Dow dropped 1,000 points yesterday, crashed by fears about the Coronavirus. And two screenshots of past Trump tweets spread like wildfire. This is a situation where the urge to share led many astray — and it’s pernicious, regardless of what side of the political divide you land on. Here are the two screenshots that … Continued

Why the stock market dropped

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The Dow lost almost 1400 points in the last two days, losing 5% of its value. Other commentators will give possible explanations for what happened. However, this post is the only place you will read the actual cause of the drop. The reason the market went down is that . . . . . . at … Continued

Climbing the rickety stack of financial expectations

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The stock market has already priced in anything you read in The Wall Street Journal about stocks. So they fill space with an elaborate passel of theories that’s obscure enough that you might think the market doesn’t understand it yet. That’s fine, so long as you realize it’s for entertainment purposes only. Markets reporters at a paper … Continued

The only accurate stock market prediction you’ll read today

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I’m here to help you in this troubled time for the market. I will provide you with an accurate description of why the market is down, one that differs from everything you have read in the media. Not only that, I’ll make a bold prediction about where markets are going next. And I’ll tell you how to interpret every article … Continued

Your regular, daily bullshit: financial markets news

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Every single day, the Wall Street Journal and other financial news outlets publish a financial wrapup. And you can count on it including a healthy helping of bullshit every day, too. Here’s the problem: the numbers are facts, but news requires a “story” to wrap around the facts. Creating a story from the fluctuations of … Continued