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To: ConservativeInPA

A few points.

1. They had no problem reporting the stock market news when we weren’t in the thick of an election season.

2. They only censored that and other economic news much more throughout the year because it benefitted the Trump campaign’s reelection bid.

3. Biased analysis is one thing, but ignoring news outright to just pretend it didn’t happen is ten times worse. I’m more accepting of biased opinion than deliberate ignorance.

4. Sadly, most people get all their news from ABC’s, CBS’s and NBC’s evening news shows. This is why they’re known as “The Big Three.” This means that if these outlets don’t report the news, it would be as if it never happened.

5. Most people don’t do their own research, so many Americans with retirement accounts will never know when they should be paying attention to how the stock market is performance.


4 posted on 12/10/2020 8:11:21 AM PST by JV3MRC
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To: JV3MRC

*performing


7 posted on 12/10/2020 8:12:29 AM PST by JV3MRC
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To: JV3MRC
You are absolutely correct in every point that you made. The solution in my estimation is educating people. That was sort of my point of my post. I was hoping to education some Freepers, and maybe they can pass that onto others.

I trade for a living. It is my only source of income. I do not trade on news, or I should say I avoid trading when there is major news. Currently, I am not trading any currency involving the USD and GBP. The dollar because of the election, and the pound because of trade negotiations (Brexit) with the EU. The reason I do not trade on news is irrational responses of small investors based on the misinformation they receive through an ignorant and deceptive media and the big banks that take advantage of that ignorance. That same type thing happens in all markets.

You wrote: 5. Most people don’t do their own research, so many Americans with retirement accounts will never know when they should be paying attention to how the stock market is performance. That's really important to personal finance. I've been thinking about traditional media and new alternative media lately. Traditional media is currently starving the public of information and entertainment. They just are not reporting it and not providing the entertainment. Completely unrelated to politics and finance, I love hunting and fishing, particularly off-shore fishing. Traditional media has overtime watered down programs on those two things. It went completely PC and down to a level that a lot of programming isn't even available. But guess what. Alternative media is filling the void. There are excellent videos and programs available, never to be seen on cable tv. I am nearly positive those videos/programs will be come more polished and produced. Someone is going to come along and really produce incredible content to make a profit. It's about three quarters the way there now.

The point of writing about all that is the same can happen to personal finance. The product produced by CNBC, Bloomberg, et al sucks. There's better out there now. I say let traditional media starve their customers. Eventually, people will find alternative media. That will be the death of traditional media. Everything traditional media ignores leads people to other sources.

9 posted on 12/10/2020 9:19:14 AM PST by ConservativeInPA (See Profile: I'm giving up.)
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