. . . Tuesday November 2, 2004

Of Bulls and Blogs

Shortly before U.S. markets closed on Tuesday, there was a stong jolt to the blue chips. Why?

Blame the bloggers. It looks like early exit polls making their way around the blogosphere (most of which had caveats and warnings attached) made their way to the trading floor.

According to one trader: “Apparently the blogs are saying that Kerry is ahead in one or two of the swing states and that’s why the market dipped.” (Funny, that news cause every stock in my portfolio to rise.)

Wait a second. Now we can move markets? Then why the frick are we wasting our time on politics?

Coming soon: Junkbondablog.com*

Concentration is important!