Sorry!! The article you are trying to read is not available now.

The Falling Stock Market and Hack Journalism

Print comment Post Comments
"If you're a market-watcher, then you know the Dow fell below 10,000 at its open, down 200 points as of around 10:15am. What's driving the drop? Europe's instability? Korea's conflict? General fear of a double dip? Probably all of the above, and more. As Megan McArdle explained last week, it's always tempting to try to make a big deal out of the stock market dropping a few percent, and explain it away with a chief cause. But it's also generally hack journalism. The stock market is hopelessly complicated, and its moving parts change direction for a variety of reasons. As a result, while single reasons for aggregate changes in a major index may be appealing due to their simplicity, they're also generally incorrect. "
SOURCE:   the Atlantic