The $NYT and the WSJ ($NWS) announced that they would drop the pay walls for today and allow the masses to behold their premium news content for free.
Let’s think about this behaviorally for a sec:
On a big hurricane news day, when each content portion is more valuable, the WSJ & $NYT are rewarding those who are not customers and who do not pay them with free access.
They are positively reinforcing non payment behavior – pretty simple operant conditioning.
Now, let’s think about this from a self-perception POV for a sec:
What might WSJ & $NYT be saying to themselves about this?
We are so critical to the Eastern seaboard as an emergency information sharing service that we NEED to be free for the masses on the day of the big storm for those who might not get the news from the internet, the weather channel, an email, my mom who called, the local news etc…
Funny, right? Well, maybe this one is closer…
Holy shit, we’ve become so marginalized that no one will even notice much less care if we are not the ones informing the masses and framing the story about this major emergency and potentially historic event.
There are few chartists I admire more than Richard Blades (@rsblades) on StockTwits.
He’s a pro who has been studying equity price behavior for over 25 years.
Richard posts high quality charts daily to the stream but he’s not a boastful guy and doesn’t take victory laps after a big trade. Just not his style.
Instead, he quietly follows strong stocks over time and updates his analysis on them regularly. His StockTwits stream is almost like a journal for him that the rest of us get to watch in real time.
The other thing that makes me a fan of Richard is his generosity. If you are a novice or intermediate technician and you have questions, he will get back to you with a thoughtful answer and ask nothing in return.