Tuesday, January 22, 2008

Super exuberance & the markets

Everybody's waiting to see how far the American markets will fall today. Well, if the Dow Jones doesn't tank today there's only one possible explanation - the New York Giants.

I've long believed that market confidence is affected by the performance of New York's baseball teams, but the Giants' surprising run to the Super Bowl could help the large number of New York area investors and brokers maintain an (unwarranted?) confidence in the future. Well, you never know.

Warning: follow this advice at your own risk. I'm not putting my money where my mouth is.