WHY THE FINANCIAL MEDIA IS A LOT LIKE PORN

The US S&P500 hit a record high yesterday. Not that you would know it, unless you went digging, given the lack of media coverage. The markets regularly hit record highs, you might be thinking, so it is hardly newsworthy.

That is 100% true. Mind you, markets regularly also fall in the interim, and yet every time that happens, we are greeted by sensationalist images and headlines similar to this:

We even sometimes get Presidential tweets when the Dow Jones falls 1,000 points (that’s just a 4% fall by the way):

The media “wins” when we are distracted, fearful and distrusting. It got me thinking about something. A few days ago I was watching a BBC documentary, which was warning parents of teenage boys that porn and the internet in general, is causing problems amongst young men in particular.

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