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by galtwho
2283 days ago
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should expect 1/5th news atleast then. in australia, media is now not even carrying market news on main headlines. yesterday I had to search for latest in market pages which was infested with 1-2 day old news. Only booming news reported I guess. |
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Maybe the attitude toward markets of the general public is different. I was curious about investing directly in other countries (than the US) a year or two ago and spent some time Googling stuff. I noticed some distinct differences from the norm in the US. For example, funds and stuff generally don't seem to expect or want foreigners, particularly Americans, to invest money. And if you want information on stocks, the exchanges don't provide a friendly source of data. And I wasn't able to find anything comparable to the SEC website for other countries.
I have the vague impression this is because in developed countries other than the US, the stock market is mostly seen as a technical, specialized, risky area that rich people pay experts to deal with. And the non-US people that do want to take risks in the market tend to invest with US companies, whereas the US people who want to invest outside the US also do it via US companies.
I think you also have to remember than a large proportion of successful companies outside the US list in the US. Asking why doesn't country X Y or Z get its fair share of press may be kind of like asking why companies incorporated in Nevada don't get the same coverage as those incorporated in Delaware. It's not reflective of the states or the numbers of companies, but of the fact that all the major ones tend to be in Delaware and the rest are mostly the dregs. But it doesn't mean the economy is all in Delaware.