Sometimes you see comments that make you put your head on the side and develop a quizzical look, much like a labrador contemplating the origin of calculus debate….was it Leibniz or Newton?
The comment that caused this was a throwaway line saying that this was the worst market depression we had ever seen, I immediately thought I must have missed that memo. So firing up the Google box I did a quick check and you can see the result below.
Yeah, not even close for the local market. I railed the other day about people who overload themselves with information in the search for certainty. This is the reverse situation, it is someone making a statement that is clearly not backed up by available evidence.
Thinking it might be a local phenomenon I checked the Dow.
Again not even close.
This is part of the central issue with financial commentary – so much of is simply made up on the spot with little association between what is being said and the real world.