Keeping Dow Movements in Perspective

Kudos to the NYT and WSJ this morning, in the wake of another 200-point drop

in the Dow yesterday. Neither turned the news into a big front-page story, as

they probably would have done a couple of weeks ago. And the NYT, indeed, didn’t

even bother to write its own story on the stock market at all: it just put a

standard AP report on the back page of the business section. It’s heartening

to see stock-market gyrations kept in their proper perspective, for once.

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