Wednesday, December 30, 2009

Irrationality

Seriously, I again have to question the wisdom of the idiots who run the stock market asylum. Either (1) the experts really thought that Tiger Woods brought a combined $12 billion in goodwill value to these companies when they were buying these stocks, or (2) the experts are just panicing now. Neither choice (1) nor choice (2) suggests that they really have a clue.

Link.

Tiger Woods' extramarital affairs could cost you if you hold stock in a company he sponsors or a mutual fund that holds stock in those companies.

A new study - not yet published in a journal - finds the market value lost to companies that had the golfer as a sponsor is already as high as $12 billion.