Stock Market Slows as Tiger Woods Apologizes

So for thirteen minutes on Friday, the world’s biggest casino came to a crawl while Tiger Woods made his “apology” speech. (One can argue that the apology was more for Nike’s benefit than his wife’s.) As financial blog Zerohedge puts it:

When Tiger’s speech causes a more dramatic volume impact than the FOMC you know this market is all sorts of perfectly efficient. Bloomberg’s chart of the day below shows the total NYSE volume change in-between when Tiger started his convoluted and meandering mea culpa, and when he ended.

TigerAffectsStockMarket

FOMC stands for Federal Open Market Committee, a.k.a. “The Fed” that many disinfo.com visitors have plenty to say about. So Tiger had more impact than a Fed Discount Rate hike announcement that day, good to know for the next time I talk to some finance guy who cold calls me about getting into the market…

Seems like just more proof that, as the Onion recently put it (brilliantly), money is a “symbolic, mutually shared illusion.”

Read the Full Story at Zerohedge.

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  • radiac

    All those Wall Street d-bags were no doubt listening for tips as to how to handle their own indescretions.

  • http://www.loanpackage.net/ Joe from Fresno

    Tiger's one of the biggest celebrities in the world, and everyone wanted to hear his apology, including Wall Street types.

  • http://www.loanpackage.net/ Joe from Fresno

    reer

  • Anonymous

    This American golfer’s apology was front page news in Western Australia last sunday. The worlds obsession with celebrities makes me want to fucking die of shame.

    Nothing against this article, I appreciate it’s quirkyness – I needed to vent

  • dumbsaint

    This American golfer's apology was front page news in Western Australia last sunday. The worlds obsession with celebrities makes me want to fucking die of shame.

    Nothing against this article, I appreciate it's quirkyness – I needed to vent

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