Saturday, August 12, 2017

Quote of the Day: Hyperbole is profitable...

No doubt, the news has been troubling this week. And while we should be careful diminishing such things, we should also be cognizant of the fact that the media (whose duty, I acknowledge, is to report) benefits markedly when its product spawns trouble in the minds of its customers. Per the last line in the opening paragraph to Bespoke Investment Group's weekly message:

What a difference a few days makes. Heading into this week, the big market news was the DJIA’s 10- day winning streak and its string of nine straight record closes. Just a couple of days later and a war of words between two world leaders whose barbers should be fired, and now investors are focused on a seemingly imminent nuclear war hyperbolic narrative that some news organizations are pushing.

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