Sunday, August 31, 2008

Headlines like this

I get back home from a days work battling out numbers all day,I run through the news channels it was fun watching headlines in India's top Business channel NDTV PROFIT.
"MARKETS TO BOTTOM OUT@11000.SECULAR LONG TERM OUTLOOK POSITIVE ON INDIA"Wow this to me is like somebody telling me 2020 is a leap year and February would have 29 days in it.I should confess that the trip on this news was orgasmic,and was more than a confirmation on business channels crap.My friend a google analyst speaks about bounce rate on blogs and spicing up news to deliver it hot.I do not know if this is what she suggested, I'd rather preach sense than spicing up.
JK a trader friend of mine when I say "I am bullish/bearish on a counter "pounces on me will it happen today??Markets are unpredicatble and governed by randomness and no one can predict all the irregular curves that are to be formed.But that to me does not justify marvellously vague predictions like these headlines.
What is more funny is the analyst's calls& programs in these channels,If somebody ever had a systematic review on these calls cartoon network would improve its TRP ratings.
No one ever were close to talking about a correction on the nifty in Jan let aside a crash.And the best part is the disclaimer "We are not responsible for profit or loss ..........".
Channels should be more accountable and sensible on what they speak.
Last week Bloomberg had published an obituary column on Steve Jobs for a few minutes I suppose,Others followed suit .Steve was seriously ill in the hospital and might have been attending a board meeting on his new iphone 3g .Too err is human but to copy it is superhuman.
Welcome to the world of media the socially irresponsible goons.

2 comments:

Anonymous said...

Gentleman...athu TRB ratings illa...its actually TRP ratings..
analum unnoda approach romba pudichiruuku

10Xtrader said...

officer point taken changed it