While not perfect, the study conducted by Purdue University researchers that sought to quantify investment performance on the basis of Seeking Alpha contributor sentiment was novel, if not useful. Just as the iPod trumps the Walkman, new media often bests old, lending support to the notion that sites like Seeking Alpha hold more (or as much) sway with (or offer as much value to) investors than institutions like The Wall Street Journal. Seeking Alpha contributor Cameron Kaine followed up the Purdue study with an article that provided support for the finding that Seeking Alpha articles "contain quantifiably valuable information for investors" that sometimes outdoes what you'll find...
Source:
http://article.wn.com/view/2011/04/20/Seeking_Alpha_Contributor_Sentiment_and_Performance_One_Writ/
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