Feb
19
2010
Tiger Trumps the Treasury
By Stephanie Wei under General

With the exception of President Obama, Tiger Woods is the only human alive who could drive the world to drop everything for 15 minutes — including Wall Street bankers — to watch him read a statement.

Bloomberg reports that when Tiger stepped up to the podium, traders moved their attention from the tickers to the satellite feed airing his speech from Ponte Vedra Beach, FL. The New York Stock Exchange volume dropped to around one million shares, the lowest of the day. When it was over, trading jolted to six million, the second highest of the day.

Business as usual.