Skip to comments.
The Matt Drudge market indicator. Can the Drudge Report Headlines affect your investment portfolio?
| Duff McDonald
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 ...
TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: drudgereport; indicator; markets; mattdrudge
I find that the financial headlines and few links on Drudge Report to be much more accurate than the Obama-bias crap that CNN-Money uses as headlines and stories. I would never base any investment stratgies on either.
posted on 07/11/2011 5:20:45 AM PDT
by Dixie Yooper
Drudge told his readers on June 1 of this year that, We Are on the Verge of a Great Great Depression. "You don't tend to see that at the top of a market," says Hickey. To invert a common phrase, then: Sellers beware. If Drudge is to be believed, we're in store for one hell of a rally.
The democrats are Wall Street are in a panic. The layoffs at Goldman and the rest are starting in a couple of weeks and they're trying to tell people a rally is on the way because of Drudge's headlines? Thank goodness Obama didn't give them Cap & Trade. It's reckoning time for the democrats on Wall Street.
posted on 07/11/2011 5:29:26 AM PDT
the Democrat tentacles reach deep....trying to spin the un-spinnable, relieve the natural consequences of their playing fantasy with our lives and finances, and think that 30 million viewers of a web-page can turn around the implication of 10’s of trillions of debt and financial profligacy, rape and mismanagement.
Liberalism is truly a mental illness.
posted on 07/11/2011 6:15:53 AM PDT
("If you understand, no explanation is needed; if you do not, no explanation is possible")
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.
posted on 07/11/2011 6:20:39 AM PDT
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
Drudge’s headlines mainly effect my ammo buying purchases (i.e. all the recent flash mob stories).
posted on 07/11/2011 7:53:53 AM PDT
(Forget the Lawyers....first kill the journalists! - Die Ritter, die sagen, nee)
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson