/Quick Point/ – No News Is Good News for the US Stock Market
WSJ now focusing on politics and foreign affairs
The stock market’s rise back to its March/April levels means none of those intervening headlines and articles filled with dire warnings panned out (e.g., Greece/Europe/Euro, Goldman lawsuit/financial industry, BP oil spill/Florida/east cost/oil industry and double dip/deflation).
What’s a newspaper editor to do? Judging by The Wall Street Journal’s recent headlines and entire front (“A”) section, politics and foreign stuff have replaced business developments. (An exception is the excellent piece about Volkswagen: “Volkswagen Aims at Fast Lane in U.S.,“ by Vanessa Fuhrmans, October 6, page A-1.)
Hopefully, the November elections don’t keep the WSJ in the political backwater and prolong its shifting gears toward more relevant business articles. Write-ups like the VW piece are valuable to readers and are the paper’s hallmark.
What can we take away from this lack of news? It’s another sign that the economic/business/investment trends are more clearly on the path back to normality.
A /Quick Point/ is an observation relevant to current investment trends and recent Investment Directions’ articles.
