Yesterday, Barry Ritholtz over at The Big Picture highlighted some anecdotal evidence suggesting things have "gotten a bit frothy." One quick thing that we saw upon arriving this morning was a Yahoo! story touting the "Top Rated Stocks Under $10." If this were headlined on the Yahoo! Finance pages it would have been a little better, but this was headlined on the main My Yahoo pages for everyone looking to sign in to read. Must be a coincidence that this shows up the day after a 175 bp move in the markets yesterday.
some use the NYTIMES' front page as a contrarian indicator...maybe we should start using YAHOO.COM???
If the market tanks next week, we can blame it on the editors of YAHOO for pitching stocks on the main page.....
Posted by: danny | April 22, 2006 at 02:21 AM