Doin' It Bloggystyle: Lucky 13,000, Naming Names, New ETF, Berry Good Beisbol, It's Drafty in Here
Minyanville brings together the best of what they are saying "out there" about the topics we're talking about right here.
Blogs themselves need no introduction, as they get as much publicity as pretty much anything these days, save maybe the latest Britney news. There's an expanding world of excellent financial blogs, covering pretty much everything from global economics to swing trading. Minyanville's goal is to bring together the best of what they are saying "out there" about the topics we're talking about right here.
Here are some links as I scratch my memory banks towards the last time a Golden Domer was so overlooked as The UnMighty Quinn.
- Barry has some interesting ways to look at which is really the better performer, the Dow or the S&P.
- It took over six month's to get the latest 1000 point milestone. You would think the higher it gets, the faster 1000 points goes in the rearview, but the move from 6000 to 7000 took two fewer month's as per The Sun's Financial Diary.
- Some possible flies in the ointment via Portable Alpha.
They're Naming Names
What would a week be without a new ETF or seven?
- Borsi Yeltsin's twin goals were Glasnost, and a listed ETF that tracks Russian stocks. Well, a week too late for him to see it, but the RSX is here. Roger has the details.
- But watch out, lol. as Roger warns. "In a few days or so I suspect the usual suspects will tell you to run from the room with your hands above your head and that you should scream while doing so."
- And ETF's set to go Platinum, as per ETF Trends.
- And I guess I can disclose this now, but I am getting set to launch an ETF based on kids shows produced in former British penal colonies. Narrow? Maybe. But tough to go long the Wiggles drive towards world domination and have to pay those ADR premiums.
Beisbol Been Berry Berry Good?
- Are baseball teams just a tad overpriced? "Sports teams are no longer a way of making a fortune. They're a way of enjoying a fortune." says The Wages of Wins. (Hat tip to my Abnormal friend).
- They point he's making is that when you factor in the opportunity cost of owning these teams, returns are not so hot, even IF you believe Forbes that they are all in the black and even IF you factor in the cap gains from the next guy overpaying more than you did.
- That being said, if I happened upon that kind of money, I'd buy a team too, lol.
It's Drafty in Here
- Now I'm as big a football fan as anyone, and find sitting inside watching a draft not all that entralling a way to spend 27 hours of a spring weekend.
- But apparently I am truly alone. From Sports Illustrated "Last year the eight-hour first day averaged a 4.7 rating (representing 5.2 million households); more remarkably, the first three hours -- from noon to three on Saturday -- averaged a 5.8. Those three hours represented the highest-rated sports programming of the weekend, higher than NBA playoff games (a best of 4.3), NASCAR (4.4), golf (2.6) and track and field (1.2)."
- But wait, there's more. "By further comparison, the average audience for an ESPN prime-time men's college basketball game is 1.0 and a Saturday-afternoon college football game on ESPN averages a 2.0. Monday Night Football averaged a 9.9 in 2006, which means that the first hours of the draft draw more than half the audience of prime-time NFL games. And none of those numbers include the NFL Network's live draft coverage, which was not rated by Nielsen (it will be this year)."
- I would imagine the spectacle of Brady Quinn playing Sudoku in the Green Room until late afternoon didn't hurt this year's numbers in the least. Everyone loves a good reality show.
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