I would divide up news on financial publications into different categories.
The most important to me is the data. For example, every day back in the 1920's-1930's, the NYTimes printed yesterday's bond sales on the NYSE, broken down by U.S., domestic, and foreign, as well as the data for a year ago, and the data for two years ago. The only other place you'll find that data will be the NYSE archives, if they kept the data, I have no idea. But the NYTimes probably got the numbers right, since they got it from the NYSE. Most historians and economists use aggregated data, which I think is not sensitive enough. But they are lazy and get it from databases which were collected already, and they all use the same data.
I don't mind sitting down in the library and collecting disaggregated data. I love archival research.
I am also interested in people's opinions about the market. It doesn't matter to me whether they were right, it matters to me what they thought. |
