Why Trading Based on Blogger Sentiment Might Be a Bad Idea

Buried in a story about how what’s left of Lehman Brothers is looking to emerge from Chapter 11, there was an astounding statistic that I’ll ask you to savor like the last suckle of a Werther’s Original…

From Reuters:

Lehman has paid $641.9 million in U.S. professional fees since it…

My pal The Pragmatic Capitalist hit upon a really interesting idea that I don’t believe has been attempted before - an indicator based on the bullish and bearish sentiment on finance blogs.

His methodology was admittedly primitive but the results are really interesting - it turns out that…

            Many young folks are thinking spring break instead of summer job, but with the still-tough job market, putting off the search could mean long, hot days and no paycheck.

            The competition is fierce. There are plenty of adults looking for any type of…

            With spring and summer in the not too distant future, it’s not only the arrival of flowers that you can expect, but the increase in gasoline prices. To help lessen the burden, you’ll do well to get a bit savvier about how to save on car related expenses. Here’s a start.

I find it delightfully ironic that both of these headlines came out within 24 hours of each other.  A hundred  years from now, economists will still be trying to make heads or tails of this dichotomy.

CNN Money - February 24, 2009: 10:27 AM ET Consumer confidence plummets

Wall Street…

The abomination above is pretty much what Barbie would have custom made for herself if she was ripping off clients by the hundreds with a Florida-based hedge fund.

But it wasn’t Barbie in this case, it was…

Kirk Wright, a Florida hedge fund manager, hung himself when faced with a…

Everyone’s talking about Facebook, Twitter and LinkedIn. If you are under 25, you use Facebook as a way to stay in touch with friends and make new ones. If you are over 30, you are likely one of the 60,000,000 people around the world connected professionally to others with whom you’ve worked or…

          You’ve been such a trooper, saving as best you can, cutting back and cutting back. But austerity can only last so long before it becomes total deprivation.

            You’ve missed the joy of dining out, of downing those delectable dishes. It’s time to live a…