The Mudcat Café TM
Thread #114804 Message #2457194
Posted By: Little Hawk
04-Oct-08 - 01:52 PM
Thread Name: BS: Dumb Q: What are stock market 'points'?
Subject: RE: BS: Dumb Q: What are stock market 'points'?
They don't care if most people really understand it when they tell you about that kind of stuff on the news. All they're really doing is marketing a general sort of mood of motional hysteria (either positive or negative). The bigger the hysteria, the bigger the story. The News is an entertainment and advertising show, not a genuine attempt to keep people informed. It's also a $ySStem propaganda show much of the time too, of course. It depends what they're trying to sell you. If they're trying to sell you a new war or a $700 billion dollar bailout, well, then you can expect some vigorous selling efforts by way of the news media. In the case of a new war, it may involve several years of well-orchestrated marketing before the deal is consummated.