Nine days after 'Liberation Day', BBC News online has moved share prices and share indices down below the fold.
We've had 'plunge', 'bloodbath', 'recovery', 'uncertainty' and, today, 'trending down'. And the site has 'explainers' about stocks, shares, bonds and indices.
They miss the bit that says share prices are simply an estimate of the value of a company, constructed by young lads, twitched by algorithms, bent by the elderly guardians of pension funds, and generally a crude measure of current thinking, rather than a guide to long term value. The various indices have wobbled up and largely down over the past week, and infected broadcast headlines.
What we need now is a new index, which combines various elements, to judge the impact of Trump over time.
Yes, the Dow Jones can be in it, but please also include US bonds, the dollar, US inflation, US Government debt, US employment levels and the price of eggs in US supermarkets, all marked back to April 1st, and reported monthly for the next twelve months.
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