Skip to comments.The Matt Drudge market indicator. Can the Drudge Report Headlines affect your investment portfolio?
Posted on 07/11/2011 4:56:18 AM PDT by SeekAndFind
Matt Drudge has been called many things but, unless I am mistaken, a stock market seer is not one of them. On Wednesday, someone did just that. Or, to be more specific, someone suggested that the Drudge Report is a contrary indicator. Same difference, really.
Drudge made his name covering Monica and the blue dress, and continues to be a player in the political conversation. Anybody familiar with his site knows there's one big link at the top of it, and when he links, traffic follows. The enduring nature of his influence is awe-inspiring.
And that's all he does, if you can believe it. The man has made a fortune, and continues to do so, one link at a time. He is the envy of all bloggers. In 2007, I tried to put a value on his operation, but in retrospectwe concluded $10 million to $20 million at the timeit seems absurdly low. Sorry for underestimating you, Matt.
What Drudge does not do with any regularity is post finance-related links. And here's why that gets interesting. Paul Hickey and Justin Walters, the ridiculously prolific quantitative researchers behind Bespoke Investment Group, published a piece of research on Wednesday called The Drudge Headline Indicator. The gist of it is this: you might be able to use Drudge in your investment strategy.
According to the Bespoke report: With 30 million daily views, Drudge is arguably the most widely followed news source on the web.
(Excerpt) Read more at finance.fortune.cnn.com ...
Liberalism is truly a mental illness.
Drudge tends to print the truth as opposed to what many want to hear, big players behind the scenes tell him to or what he thinks will make him money at everyone else’s expense. Beats reading the MSM.
Drudge’s headlines mainly effect my ammo buying purchases (i.e. all the recent flash mob stories).
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