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Hmmm December 21, 2007

Posted by Who? in Random.
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Poll from CNBC here.  When I cast my vote, there were around 1800 votes and I’m trying to figure out what to take from the survey results and how much weight to give it.

One way to look at it is that 80 out of 100 voters see flat or “surprising” gain.  The other way to look at it is that 58% see flat or negative for the YEAR–meaning a loss of at least 7% to drop into negative for the year.  By the numbers, bulls win.  Buttttt, how much weight should be given to the results? 

On one hand, the poll is a blunt instrument and who knows what Springer-fans pried themselves away from the tube to cast a vote.  On the other, 1800 people could be a roughly accurate representation; there has to be some value in a sample size of 1800 CNBC readers.

 Two things I can take away.  First, a flat/lame duck market seems to be on the market’s mind.  Second, these last few trading days of ’07 will likely have a large impact on market psyche and how ’08 kicks off.  Fourthly, I need to go to bed.

Personally, I’m short Christmas.  Bah-humbug!

Used without the expressed written consent of the NFL

(Update: 10:30 am Friday, 2400 votes counted now with the exact same distribution.  Hmmm???)

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