Three Blondes and a Bull

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Did the media-fueled obsession with Anna Nicole Smith and Britney Spears help prompte the stock market plunge/correction?

Two days before the drop, CNBC's Dylan Ratigan (Fast Money )suggested that the market was in for what he called the "blonde correction," suggesting that the market had become distracted into complacency by the tabloid stories.

Plus there was a third blonde, Goldilocks, apparently a Wall Street term for a market that is neither too hot nor too cold.

Three blondes and a bull market spell trouble, he said, and proved ultimately prophetic.

By John Eggerton

John Eggerton
John Eggerton

Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.