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More on The Correlation Game

Condor Options (August 18th, 2008) Writes:

We unveiled one of our favorite 4PM pastimes back in April: called The Correlation Game, the steps are simple:

Step One: Point your browser at Yahoo Finance, Marketwatch, or whatever mainstream financial media portal suits your fancy. Step Two: Scan the top headline, which is typically of the form, “Markets move x on news that y.”  If the headline includes a dubious assumption or inference about causation, take a drink. Step Three: the next player moves to the next headline and/or media outlet, and repeats step two. The last player to fall over or to refuse to believe that some shots fired in the air in the Niger delta have any intrinsic relationship whatsoever to the price of West Texas Intermediate Crude, wins.

Let it be noted for the record that this is not a game to be played every day.  Why?  Well,

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