Do the Olympics Matter to Markets?

In an article dismissing current weakness in Euro markets comes this candidate for dumb-ass throwaway economic comment of the year:

…the eurozone’s strengths are too often hidden. Here is the clincher: eurozone countries together won more medals at the Beijing Olympics than either China or the U.S.

I’m going to call bullshit on this supposed economics indicator.

[via FT]

Related posts:

1. Random Trivia: Google, Olympics, Climate/Happiness, etc.
2. Dow Jones’ Olympics Index: No Amgen?
3. Stars Matter in Science Entrepreneurship
4. Does Tech Matter?
5. Newsflash: Markets Work, Even in Oil