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Subject:  Re: Mandelbrot & Taleb on News Hour Date:  10/22/2008  3:26 PM
Author:  elan19 Number:  35079 of 41375

General press coverage of the stock market is almost always terrible and just adds to the extremes of optimism and pessimism. I actually have a lot of respect for Taleb and what he does but why wasn't he getting more interviews two years ago, when the stock market was hitting new highs monthly and volatility was at an all time low? Here's my take on the press:

When stock market is way down:

The press starts writing about or interviewing those who currently have a bearish view far more often than those with a bullish view.

The press places a much higher emphasis on the bad news rather than the good news (How many articles have you seen lately talking about the rapidly improving trade def