Ever
In our continuing attempt to collect statements from around the world that make claims like "biggest ever" or "largest ever" or "worst ever"...I have a few more to add. This first one came from a financial site emailed to me.
BAD START - The S&P 500 lost 8.4% in January 2009, its worst total return performance in the first month of any calendar year ever. The stock index lost 6.0% in January 2008. The S&P 500 has suffered a total return loss in 11 of the last 15 months. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market (source: BTN Research).
The other one I heard on the national news yesterday. They were doing a report from Kentucky on the devastating ice storm that has wreaked havoc on that state and left thousands without heat, water or electricty. When they talked to the Governor, he said, "This is the worst natural disaster in Kentucky's recorded history."
So ask yourselves...is this just business as usual, or is there something larger that is going on?
posted by dennis at
10:25 AM
2 Comments:
Or...have people simply lost the ability to use correct language to report something? In our hyper media generation we are conditioned by the constant exaggeration of nearly everything.
Case in point, Chipotle one of my favorite restaurants had a table tent up before Christmas that said “Chipotle gift certificates are the perfect gift for everyone on you list!” REALY? Even my 80-year-old mom, who has IBS? She’s the nice old lady that has to drink a cup of milk if she spots a flake of pepper in her soup. I’m thinking maybe a burrito from Chipotle may not be the perfect gift for her.
But in our day and age if it isn’t the best, the most, the absolute, well then it is just mundane. And who wants to read about a curiosity in the market when instead I can read about he worst (insert topic here) ever!
That's true. It could just be that if it's not the biggest, best or most...then it may not be report-worthy.
However, we have been watching more for facts that are measurable, such as the S & P 500. You can actually look at that index and factually state that it's the worst January returns ever.
Also, the report I rec'd and posted about the S & P's performance may have reported that particular fact because there is a long standing saying in the stock market business..."As goes January...so goes the the year."
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