Tiger Woods and stock trading: Play through
David Berman
More than one observer speculated on the impact Tiger Woods' on-air apology would have on stock trading volumes on Friday morning. While Mr. Woods may not be a market mover along the lines of, say, President Barack Obama or Treasury Secretary Timothy Geithner, we've heard rumors that golf is a popular pastime among financial types. This hints that trading volumes could have ground to a halt, if only briefly.
This is not so. The Wall Street Journal's Deal Journal has the figures, and they show the apology did not even register. In fact, trading volumes actually increased during Mr. Woods' 15 minutes of apology.
VIA Globe and Mail
Keyword: Stock investing
David Berman
More than one observer speculated on the impact Tiger Woods' on-air apology would have on stock trading volumes on Friday morning. While Mr. Woods may not be a market mover along the lines of, say, President Barack Obama or Treasury Secretary Timothy Geithner, we've heard rumors that golf is a popular pastime among financial types. This hints that trading volumes could have ground to a halt, if only briefly.
This is not so. The Wall Street Journal's Deal Journal has the figures, and they show the apology did not even register. In fact, trading volumes actually increased during Mr. Woods' 15 minutes of apology.
VIA Globe and Mail
Keyword: Stock investing
