Is the press missing the main action in classical assets?

[Lsbcal]

I only have questions for this thread:

Is the press hyping unusual action in a narrow group of speculative "investments" like crypto, the latest Reddit craze, etc.

Are the gains in more standard asset classes not enough for financial news writers?

Maybe this has been seen before but has it been less hype? I seem to recall crazes of the distant past like gaming stocks, CB radios (way back there), gold, etc. But we didn't seem to have Elon Musk types around, or am I wrong?

Is the latest twist in internet financial news taking weird turns?

Is this all just a wild market environment fueled by extremely easy money?

When will we have to worry about investments in classical asset classes like total stock market or segments like midcap value? Bitcoin has sold off but has not affected those assets.

Should I read less financial news?

[jfn111]

Once upon a time day trading was all the rage. There was a time Tech stocks were all anyone talked about with stocks like Cisco, Oracle, RFMD..etc. seeming to double every year.
I remember endless articles glorifying hedge fund and investment gurus like Michael Milken and Ivan Boesky.
The financial news industry is a for profit business that wants to sell you something be it subscriptions or eyeballs on their advertising. Boring 3 fund portfolios aren't sexy and don't sell advertising. Heck, even I like to read about "great adventures", preferred stocks and Robin Hood races.

[38Chevy454]

Flashy headlines get more clicks than boring index discussions. Add in some FOMO to fuel the craziness of meme stocks and crypto. Result is that you see more articles about the high risk speculative investments.


Yes, you should read less financial news. Or at least ignore the majority of the click bait articles.

[Lsbcal]

I have noticed the trend to paid financial news. Bloomeberg , CNBC pro, and recently Marketwatch. So yes, they need to justify those subscriptions.

[Time2]

To go to the non classical investment side, I found this Kevin O'Leary interview very interesting. With the emphasis on the importance of "ESG, or environmental, social and corporate governance, compliance" in getting large institutions to buying into non classical investments, i.e. Bitcoin. Bitcoin mining is energy intensive and until it is done with a sustainable energy source it is not something institutions want to buy or hold.
https://finance.yahoo.com/news/kevin...tsrc=fin-notif


Bitcoin turnaround after this meeting and interview. Coincidence? Rule 39.