I think the point is “a focus on daily fluctuations obscures slower, more important trends”; i.e. it’s not a disagreement about which facts are true but which facts are most relevant.
Because we’ve clearly been heading towards a recession for months, and jumping up and down by 2% has not been an unusual occurrence. Today, the second trading day since the actually massive drop on thursday, it went up by the usual fluctuation; yet WSJ depicted this as a massive turning point away from a recession, which was clearly deliberately dishonest.
The point of this post is that news firms lie, it’s obvious, and we should stop wishfully thinking that they don’t when it’s obvious to anyone with basic experience in the area, and increasingly obvious to people without basic experience in the area. Hence, the meme format (for this particular instance).
You’ve selected the YTD (year to date) tab here. If you look at the 1D (today) tab, you see that the S&P indeed went up today.
I think the point is “a focus on daily fluctuations obscures slower, more important trends”; i.e. it’s not a disagreement about which facts are true but which facts are most relevant.
Then why not choose the 5 year window?
Because we’ve clearly been heading towards a recession for months, and jumping up and down by 2% has not been an unusual occurrence. Today, the second trading day since the actually massive drop on thursday, it went up by the usual fluctuation; yet WSJ depicted this as a massive turning point away from a recession, which was clearly deliberately dishonest.
The point of this post is that news firms lie, it’s obvious, and we should stop wishfully thinking that they don’t when it’s obvious to anyone with basic experience in the area, and increasingly obvious to people without basic experience in the area. Hence, the meme format (for this particular instance).