The stock market is up the most it’s ever been up in a single day, and the media isn’t really covering it.
I get most of my news from blogs, both that I’m subscribed to and referred to by friends. Last week, when the market basically shit itself, most of what I read went along the lines of, and I paraphrase and exaggerate, “Holy shit, we’re all going to die. Move to Canada RIGHT NOW. Sell everything and dig yourself a nuclear missile shelter, Blast-From-The-Past style. RUN FOR YOUR LIVES!”
Perhaps this is proof that the media reports on stories that readers will latch on to, stories that scare readers. You see this on the local news as well; at least in Los Angeles, the local news is pretty much entirely composed of shootings, gang fights, and stabbings.
This post is a poor attempt at analyzing media pschology. My sample space (number of media sources analyzed) is very, very small, and I’m only commenting on a single day’s activity. However, it’s in the best interest of a media company to sell as much media (or ads) as possible, which means economically their goal is to attract readers, not necessarily report consistently. Perhaps scaring readers sells the most media.
I think I’ve shined light on something that most people are aware of, but I thought my claim was worth posting anyway.
Bonus image (just a parody):