We all know about the record volume on some exchanges yesterday. And I heard that the jump in the VIX was a record move as well. Clearly the market got people's attention yesterday. But I have another stat -- this site had a record traffic day yesterday. Usually my traffic peaks around 10 AM and slow drifts lower each hour during the day. I'll typically get just over 300 visits per hour in the morning and that will drop to around 100 per hour in the evening. Well check out what happened yesterday:
As you can see, I was getting over 3 times the normal traffic last night. That pushed my daily traffic to a record high (I hear I'm not the only one Barry, also got a huge spike in traffic) (Edit: Barry has now made a post about his traffic spike and his thoughts on what this means for blogs & the mainstream media.):
If this selling keeps up I have no doubt that I'll be able to turn to my old trusty "this market sucks" indicator to call a bottom. :-)
Hi Mike, I feel your commentary and market insight are much more valuable than the standard mainstream media "fluff". I think your stats are a testament to how highly others hold your opinon. Congratulations and thanks!
Thanks architect
To my opinion it is a great thing blogs are getting more and more attention, because they have the ability to quickly react on news events and also add there own flavor.
Congratulations!