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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Dayuhan who wrote (58171)	10/9/1999 11:39:00 AM
From: Ilaine	Read Replies (1) \| Respond to of 108807

Steadman, for sure. I don't know if it's the world that's strange, in this case it's more the jargon that journalists use, IMO. I know you don't get CNBC and CNNFN where you are, there are devoted entirely to the stock market, and then there are other shows about the stock market, there's some kind of market roundup on PBS in the evening, and Louis Ruykhouser, these may be the same things, I don't watch them. Anyway, there's a vast, burgeoning industry of journalism about the stock market, that's partly a result of our long bull market, partly a result of needing to put something on all these cable channels, partly a result of the incredibly fast transferrence of information via internet and satellite. The appetite of the general American public for stock market news is phenomenal. Televisions in bars, which used to be tuned into sports channels, are now tuned into CNBC and CNNFN during the weekday. I've been in banks that have TVs tuned in to CNBC and CNNFN so people who are standing in line can watch them. There are TVs set up in airports, tuned to CNBC and CNNFN. It's pretty amazing. And one journalistic convention they all seem to share is the affectation of omniscience about something that is, by and large, unknowable. Oh, yes, and they always cheerlead when stocks go up, and act dejected when stocks go down. I am sure that great social historians will write great social histories about it, in time, but for now, it seems to be passing unobserved.