Use of the word "Surges" Surges

[Munger]

Anyone notice that news stories describing a .2% increase in the S&P500, a 3% (seasonally unadjusted) increase in house sales, a 1% (seasonally unadjusted) increase in consumer spending, etc etc always use the word "surge"? I.e., Home sales surged in march; stock prices surge on new BS data.

This is quickly becoming a pet peeve of mine. They never "rise". They "surge". Always. On down moves, the decrease is a simply "decline". Usually unexpected. And usually slowing. Journalism at its finest.

Alright. Move to rant and rave.

[GRG55]

Re: Use of the word "Surges" Surges

Anyone notice that news stories describing a .2% increase in the S&P500, a 3% (seasonally unadjusted) increase in house sales, a 1% (seasonally unadjusted) increase in consumer spending, etc etc always use the word "surge"? I.e., Home sales surged in march; stock prices surge on new BS data.

This is quickly becoming a pet peeve of mine. They never "rise". They "surge". Always. On down moves, the decrease is a simply "decline". Usually unexpected. And usually slowing. Journalism at its finest.

Alright. Move to rant and rave.

http://www.itulip.com/forums/showthr...83555#poststop

[Link is to something by EJ in the Select Area of the site]

[thunderdownunder]

Re: Use of the word "Surges" Surges

As a matter of fact Yes - Perhaps we are grumpy old men
The other things that make my bowels work are,
"xyz announced a better than expected loss that beat estimates"
or
"Data is less bad, but it’s still going to be weak"
and as you point out
"Seasonally adjusted data" - (should be "fiddled data")
or
http://smallbiztrends.com/wp-content...ds-may6th1.jpg