Yesterday we joked that the market went down following the Casey Anthony NOT GUILTY verdict.
Really thought, that verdict basically came out right at the same time as the Moody’s downgrade of Portugal.
But it seems that some interns on Wall Street really did get confused.
From Art Cashin’s note today, wherein he describes yesterday’s market action:
The instant selloff occurred just as TV screens filled up with images from a courtroom in Florida and a series of “Not Guilty” comments from the jury. While this was clearly coincidence rather than causality, it was intriguing to watch the somewhat confused and quizzical looks on the faces of a few summer interns trying to intellectually reconcile the two disparate but seemingly simultaneous events.