Pam Martens of Wall Street on Parade points out that, despite the market setting new highs every so often, the moves are relatively negligible on a percentage basis. The latest high of 26,797.46 is a rise of 180.75 points, or less than a one percent move, in 19 months. That’s not exactly the stuff that retirement dreams are built on.
She asks why corporate media does not report what this new high means as a percentage return year over year, year-to-date, or for any period of time. Is it because almost all corporate media outlets have corporate parents with publicly traded stock?
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