Learning Outcome #2:

For the learning outcome # 2, i wanted to talk a little bit about the economic impact that mass media has had on society. About 5 years abo I hired a financial advisor when i started my heating and airconditioning company. The initial consultation was probably not very different than it would have been say 20 or 30 years ago. The normal questions like "How agressive do you want to be?", "When is your ideal reetirement age?", etc... Ever since I started paying attention to my retirement, and inturn my finances, I've realized how much the media can effect the economy, and how fun and easy it can be to actually invest your own money. I began to somewhat educate myself about the basics of the stock market, how to pick growth stocks, and how to cut my losses as they approach. I became a huge and loyal Jim Cramer fan. I started by watching his now famous "Mad Money" show on CNN. Then, after learning how highly educated and critical Jim Cramer was, I bought 3 or 4 of his books. There are highly complex and legitimate reasons to by or sell a stock. One effect that i noticed media had among the many, is that every time Jim Cramer would recommend to buy or sell a stock, that stock value would subsequently either go up or down. Because it is so easy and available for people to personally trade stocks via the internet, it is just as easy for people to be influenced on what stocks to trade or sell via the media and internet.