CNN Money Charts for Fools

Hey look! CNN Money has another daily chart onscreen that shows the wild ride of today's stocks. Wait! What is that I see? The fluctuation was only 20 points. Hmmm.

So CNN puts a chart up that looks like a major deal in trading today, but it isn't. You wouldn't know that unless you looked at the numbers on the Y axis. Oh! They are only one point apart. That's why it looks like such a change took place.

It reminds Econo-Girl of Reagan, who showed the nation a chart without ANY NUMBERS on it at all. NONE. "If we do this," he said "the line will go up." Wow! The line will go up! Lines going up are good, America thinks (to the exent it does think). The ol' Gipper must be right once again. Let's cut taxes for the rich and mental health benefits and give ourselves a homeless problem. Econo-Girl remembers before there were homeless in this country.

But at least that line will be going up.


The Lazy Iguana said...

I liked Ross Perot's charts better.

"we gotta roll up our sleeves and do do do".

I miss him. He was funny, and would have made a great clown.

Econo-Girl said...

Personally, I thought Ross Perot was a psycho. It was that gleam in his eye and his self-possessed idea that he was completely right.

"In Washington, they have plenty of plans. Washington is full of plans. The problem is they never implement them. I'll just take one of the shelf and use it."


The Lazy Iguana said...

He was a psycho. But what an insight into how a lot of large companies are run!!

And you have to admit, his wacky charts were the best. And his choice for a running mate was priceless.

Saur♥Kraut said...

You remember before there were homeless??? You must be older than *I* am.