When the Michelin brothers Andre and Edouard began their travel guide in 1900 as a marketing tool for their tire company, there were fewer than 3,000 cars in France. The roads were a primitive, local network, often unmarked, and there were no gas stations – drivers had to carry a metal container into a pharmacy to purchase fuel.
A Market In Search of a Story
After yesterday’s stock market drop, the usual alarming news articles appeared, but more interesting were the reader comments that tracked each publication’s editorial focus:
“Stocks Plunge, as Fresh Tensions With China Batter Tech Shares,” The New York Times:
Well now. The stock market is starting to display the same kind of unpredictable behavior exhibited by Trump since before he was elected, not quite knowing how to respond to the conflicting stimuli heaped upon the economy in the many months afterward. Gee...didn't see that coming.