Sunday, March 15, 2009

Jon Stewart isn't helping

Jon Stewart's battle with CNBC, link.

As much as I admire the courage it takes Stewart to point out borderline unethical industry practices en masse, this move could affect the status quo. Big, apparent market behavioral changes are easy to handle and react, subtle moves though are those that erode professional traders' "edge".

The Daily Show could potentially modify "dumb money" behavior, and this creates uncertainty for the professional algorithms, risk assumptions, etc... Uncertainty is undesirable.

0 Reflections: