By Alvin Chow
Straits Times Index dropped 2.4% the day before.
I would guess some investors are starting to get worried about their positions.
And the media is constantly painting a very negative outlook with bearish news and scary headlines.
Headlines related to Russian Ruble plunge
- “The Collapse of Putin’s Economic System”
- “Apple Stops Online Sales in Russia Over Ruble Fluctuation”
- “Is the Russian Collapse Wrecking Your 401(k)?”
- “Russia’s Problems Are Everyone’s Problems”
- “Hedge Fund Manager Who Remembers 1998 Rout Says Prepare for Pain”
On Oil price going below $60 per barrel
- “Elon Musk is losing out big time on cheap gas prices”
- “Stocks, bond yields much lower in 2015: Mark Grant”
- “Falling oil price poses new threat to banks”
- “Energy Stocks, Bonds Keep Sliding Down Oil Slick”
- “Some companies won’t survive the oil meltdown”
Why does the media write these news?
Do they choose the best news to write on? No, they write what they think most people want to read.
You know that the media makes money with ads and the higher readership they have, the higher ad fees they can command.
Hence, say given 10 different news to report on but only one column is available, a journalist or an editor has to choose the news he thinks that is going to bring more eyeballs to it and …read more