Recession Fears Causing Markets to Sell off Worldwide

[ua_guy]

Oh look, the Nikkei is back up 11% in Tuesday trading so far. I think we’re going to see some wild swings and lots of volatility ahead.

Global economic collapse on Monday, normal trading resumes Tuesday. Is it Friday yet?!

[kork13]

Global economic collapse on Monday, normal trading resumes Tuesday. Is it Friday yet?!

Actually that sounds like a perfectly normal week. Welcome to the stock market! The sky is falling & everyone's a winner.

[srblanco7]

Scanning a WSJ article this morning and noted the following "...an epic selloff that drew comparisons with Black Monday nearly 37 years ago. The drop in major U.S. indexes was an order of magnitude less severe, of course..." We live in an age of "hype" in order to drive viewership/page views and I think this is a wonderful example.

[disneysteve]

Scanning a WSJ article this morning and noted the following "...an epic selloff that drew comparisons with Black Monday nearly 37 years ago. The drop in major U.S. indexes was an order of magnitude less severe, of course..." We live in an age of "hype" in order to drive viewership/page views and I think this is a wonderful example.

Exactly. Just what I said in my first post. It’s fear mongering. Aiming for clicks and views. It has nothing to do with reality or facts or data. If they reported the truth - that the US economy is the strongest it’s been in decades - people wouldn’t tune in for that. They want doom and gloom, even if it isn’t true.

[ua_guy]

Not to say there wasn't an anomaly, a glitch, in market performance on Monday worth watching. I agree it's the spin that's destructive. It's exhausting, actually. A gentle breeze can be a tornado, both are winds, one does lead to the other, and here we are: a gentle breeze is now a subtype of Tornado.

[Fishindude77]

Exactly. Just what I said in my first post. It;s fear mongering. Aiming for clicks and views. It has nothing to do with reality or facts or data. If they reported the truth - that the US economy is the strongest it;s been in decades - people wouldn;t tune in for that. They want doom and gloom, even if it isn;t true.

Surely you are not suggesting that the media isn't always truthful?

[srblanco7]

Surely you are not suggesting that the media isn't always truthful?

I'm not suggesting dishonesty on the part of the media (at least in the WSJ article I referenced), though there are, no doubt, dishonest media personalities. Do we have nobody to blame but our collective selves? That is, is the media leading us to sensationalism or is their style responding to data analytics?

[disneysteve]

I'm not suggesting dishonesty on the part of the media (at least in the WSJ article I referenced), though there are, no doubt, dishonest media personalities. Do we have nobody to blame but our collective selves? That is, is the media leading us to sensationalism or is their style responding to data analytics?

I think the rise of the 24-hour news networks (all of them) have fueled this. Back when there were 3 channels and the news was only half an hour a couple of times a day, they didn't have time to do anything more than report the headlines. No commentary or editorializing. No panel of "experts" discussing each story ad nauseam, no interviews with a dozen people often only vaguely associated with the story itself. Just the facts. "In business news, the Dow was down 26 points today." Then onto the next story.

Now there are many channels running 24/7 and they need to fill that time and attract and retain viewers so they sensationalize every tidbit of information and analyze it to death.