Madness on Wall Street
Investors do stupid things after their favorite sports teams lose. MarketWatch columnist Mark Hulbert found out first hand by watching neighbors and colleagues who follow UNC and Duke. Scientific studies have shown that when a person’s team is knocked out of The Big Dance, they take out their frustration by making a stupid investment move.
KFWB’s Phil Hulett and Penny Griego spoke with MarketWatch columnist Mark Hulbert to get the story.