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.