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	<title>Design, Art and Culture: Musings on the visual society &#187; economics</title>
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		<title>The Stock Market&#8230;SURGES! There, someone said it.</title>
		<link>http://www.designartculture.com/2008/07/16/the-stock-market-surges-there-someone-said-it/</link>
		<comments>http://www.designartculture.com/2008/07/16/the-stock-market-surges-there-someone-said-it/#comments</comments>
		<pubDate>Wed, 16 Jul 2008 19:57:52 +0000</pubDate>
		<dc:creator>Jesse N.</dc:creator>
				<category><![CDATA[Culture]]></category>
		<category><![CDATA[economics]]></category>

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			<content:encoded><![CDATA[<p><img src="http://www.designartculture.com/wp-content/uploads/2008/07/stocks_surge.jpg" alt="Stocks surge!" /></p>
<p>Check out this image just taken on msnbc.com.</p>
<p>Every day for the last 6 months, when I&#8217;ve looked at these arrows, they&#8217;re always red and pointing down. And every day there is plenty of hype about how the stock market is tanking, and &#8220;bear territory&#8221;, and the-worst-since-19XX statements and on and on.</p>
<p>However, in the above example, you can see that this afternoon the Dow has gone up (my math isn&#8217;t 100% correct) around 2%. Wait a minute&#8230; You know how many headlines I&#8217;ve seen that involve the phrase &#8220;dropped 1.1%&#8221; over the last 6 months? So what headline do we have now after a 2% gain? &#8220;Drop in the price of oil <strong>boosts</strong> stocks.&#8221;</p>
<p>If you look 3 storys down, there is a bit of bad economic news: &#8220;Consumer prices <strong>surge</strong> 1.1%, worse than feared.&#8221;</p>
<p>Wait a minute&#8230; a negative increase of 1.1% is a SURGE, but a good increase of twice as much, around 2%, is a BOOST?</p>
<p>&lt;Leaning forward, taking off glasses&gt; News people&#8230; Look. You are a big part of what happens in the stock market. When you hype the negative, you actually contribute to the stock market tanking, because people get scared by your doom-and-gloom and invest less. Now, I&#8217;m not asking you to try and assist the stock market, but at least be balanced. If you run three stories about Bear markets after a 1% drop, then run three stories about recovery after a 2% gain. Good news just doesn&#8217;t sell though, right?</p>
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