bearister said:
I know Rachel has hit a few bumps in the road, but you can do worse than getting information from a Rhodes Scholar. Scores of the elderly and mentally impaired youth rely on Rush Limbaugh, Sean Hannity and Matt Drudge for their information. Regardless of how they candy coat it in their bios, Rush and Sean were flunk outs and Drudge barely cleared high school. All three, however, are entrepreneurs in that they knew they could make millions peddling hog slop to millions of ignoramuses starving to lap it up.
I really don't know anyone about him, but back in the late 90's and early 2000's when I was on a corporate trading desk with a screen of tickers and indexes in my face flashing at every second, if there was any sort of sudden up/down jump, we'd all ask, "
does Drudgereport mention anything?"
Often, it would talk about a bomb threat or something. Once cleared up, the market would normalize back.
So, I view him as a news outlet, funny to hear him referred to as right wing political commenter now.
You know, how easy to make a few bucks off that. Release a news item just after taking a position in futures, they'd never track you. It surely happens ALL THE TIME!
Speaking of which, that exact scenario was reported about trump in the nytimes today. And dontcha know, it's ILLEGAL.