, Columnist
The Web Makes It Harder to Read Market Sentiment
The internet swept away the old-school financial pundits, turning the public forum into the Wild West.
This is what financial news used to look like (at least on "Saturday Night Live").
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In the best of all worlds, numbers do the talking for me. Most of the time, there is enough hard data so we can avoid the squishy anecdotal stories that so often lead people astray. This can at times be challenging.
I was discussing this recently in the office. My colleague Josh Brown wrote a post looking at how stocks kept going up, yet hardly anyone was celebrating. I blamed the online commentariat.