Media Madness
Following last week’s column on the stock market collapse, I undertook a simple piece of research to find out how significant the “bloodbath” was. I wanted to get a fix on just what proportion of the market participated in the drop in share values. Upskir
Seventy-seven million shares were traded on Black Monday. My initial guess was that that represented a pretty small proportion of the total shares on the market, say 2 – 5%.
I phoned up the Toronto Stock Exchange last Friday to find out the total number of shares listed. I was connected to stats.
They didn’t know – “Try listings.” It was clear that in the two weeks since Black Monday, I was the first person to ask them this question.
Listings said, “Try stats.”
I protested. It was suggested I talk to the supervisor in stats.
Eventually stats came up with the number 28.7 … More
