It was on an average Wednesday that a very serious Israeli newspaper conducted a very wild experiment. For one day, Haaretz editor-in-chief Dov Alfon sent most of his staff reporters home and sent 31 of Israel’s finest authors and poets to cover the day’s news.
Among those articles were gems like the stock market summary, by author Avri Herling. It went like this: “Everything’s okay. Everything’s like usual. Yesterday trading ended. Everything’s okay. The economists went to their homes, the laundry is drying on the lines, dinners are waiting in place… Dow Jones traded steadily and closed with 8,761 points, Nasdaq added 0.9% to a level of 1,860 points…. The guy from the shakshuka [an Israeli egg-and-tomato dish] shop raised his prices again….”
Finance reporting, I think is an especially egregious offense by reporters. Think about it — no matter what happens in the stock market, the reporters will have some cause ascribed to it. And they’re just making it up. Most days the stock market signal is just noise.