Interesting piece from this weekend’s On The Media that covered the breathless media coverage of last week’s stock market volatility. Well-known financial journalist Felix Salmon gives a rather curious take on what he believes is the media’s fascination with (and, according to him, their overemphasis/misread of) the Dow Jones as a barometer of economic health. In fact – and more than a few financial analysts and business journalists undoubtedly agree with him – he believes stock indexes on the whole are inaccurate indicators, although he does give slight credit to the S&P 500 as a more representative measure of American economic … Continue reading On the Media Report: Stock Market Volatility