I remember some years ago, at the job I was working some guys were laughing about the fact that Cristiano Ronaldo's preference for water caused Coca-Cola to lose millions. In fact KO stock had dropped by less than 1.5% following that incident (a drop so small it may just be random fluctuations) and market cap has nothing to do with profitability anyway. But the news headlines made a big deal out of it so people thought Ronaldo has fundamentally harmed KO's business.

    The market went down 1.25% today and there are political articles/YT channels screaming about how Trump has messed up and wiped out $1 Trillion of value. And if you point out that the stock market is up over 15% this year even after this correction, people have a partisan reaction and act as if you are defending Trump.

    Since Trump took office, literally every 1-2% correction has made sensational headlines, acting as if the sky is falling. But it's crickets on the green days. I'm no fan of Trump but the stock market is one of the worst angles of attack against him.

    Rant: I can't stand how the news sensationalizes small stock market movements
    byu/DispassionateObs instocks



    Posted by DispassionateObs

    2 Comments

    1. Crazy-Coconut7152 on

      I agree but here’s a real easy solution: ignore the financial news

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