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Stock market charts, in context

Phil Gyford, wearing his finest pair of Tufte trousers, takes a chart of the FTSE that the Guardian ran on Saturday and places it on a scale that shows the fluctuations of Friday’s market compared to the full value of the index.

This particular annoyance is the graphs of share prices in the press and on TV. It is standard practice to start the y-axis at a number much higher than zero, in order to magnify the ups and downs of the market.