We Get It: The Stock Market Is Sinking

Yesterday I mocked President Trump for being more concerned with the stock market than with the coronavirus. I stand by that, but it’s hard to blame him too much when I wake up to headlines like this:

Sure, you say, but that’s the Wall Street Journal. They’re supposed to be obsessed with the stock market. But here’s the New York Times:

And the Washington Post has a live feed so you can watch the stock market crater before your eyes:

I could forgive this infatuation with the stock market if it was connected to some actual change in the broader economy, but it’s not. It’s handy only because most economic indicators are calculated monthly at best, and that’s boring. The stock market may not have much to say about the real-life state of the economy, but it changes daily—hourly, even—and that makes it exciting.

But that’s no excuse. A serious piece about how the coronavirus is likely to affect the global economy is fine. But stock porn? Spare me.

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FOLLOW THE MONEY

Corporations and billionaires don’t fund journalism like ours that exists to shake things up. Instead, support from readers allows Mother Jones to call it like it is without fear, favor, or false equivalence.

And right now, a longtime friend of Mother Jones has pledged an incredibly generous gift to inspire—and double—giving from online readers. That's huge! Because you can see that our fall fundraising drive is well behind the $325,000 we need to raise. So if you agree that in-depth, fiercely independent journalism matters right now, please support our work and help us raise the money it takes to keep Mother Jones charging hard. Your gift, and all online donations up $94,000 total, will be matched and go twice as far—but only until the November 9 deadline.

$400,000 to go: Please help us pick up the pace!

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