Friday, February 08, 2008
The proliferation of Implode-O-Meters
Followers of the mortgage fiasco have by now become well acquainted with the information clearing house known as the Mortgage Lender Implode-O-Meter, which tracks industry news and keeps a running score of the lenders that have ceased operation since December 2006 (226, by today's count).
When things started getting hairy last July, a sister site popped up: The Hedge Fund Implode-O-Meter. The count there is 23.
Recently, perhaps in anticipation of an accelerating financial crisis, two additional sister sites have popped up: The Home Builder Implode-O-Meter, where the counts stands at 14, and The Bank Implode-O-Meter, where there is no count yet, but a lot of scary news.
These are all well designed, interesting sites, with news and discussion boards of a fairly negative bent.
My question is, have we reached a bubble in Implode-O-Meters? At what point will Implode-O-Meter proliferation constitute a contrary (in this case bullish) indicator?
When things started getting hairy last July, a sister site popped up: The Hedge Fund Implode-O-Meter. The count there is 23.
Recently, perhaps in anticipation of an accelerating financial crisis, two additional sister sites have popped up: The Home Builder Implode-O-Meter, where the counts stands at 14, and The Bank Implode-O-Meter, where there is no count yet, but a lot of scary news.
These are all well designed, interesting sites, with news and discussion boards of a fairly negative bent.
My question is, have we reached a bubble in Implode-O-Meters? At what point will Implode-O-Meter proliferation constitute a contrary (in this case bullish) indicator?
2 Comments:
By 
Georg Felis, at
Fri Feb 08, 01:44:00 PM:
We should start an Implode-O-Meter to indicate the loss of Implode-O-Meter sites.
By antithaca, at
Fri Feb 08, 01:58:00 PM:
And a meta-implode-O-meter website to average the implode-O-meter numbers across disciplines, etc, etc..wah wah, wah wah..
