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Wall Street Troubles and Internet Behavior
By admin | September 29, 2008
Several weeks ago I had the pleasure of sitting down with Maurna Desmond at Forbes to discuss Hitwise data and what light Internet behavior might shed on our reaction to the Wall Street crisis. In preperation for our interview (you can view the video here), Maurna had an interesting idea. What if we narrowed our view of online behavior to the richest U.S. Internet visitors, has their behavior changed over the last year. Indeed, if we look at Claritas PRIZM segment #1, the Upper Crust (most affluent segment in the U.S.) one year ago was acting as we’d expect online, visiting their stock portfolios. Interestingly, when we did the same analysis as of one month ago, stock portfolios were at the bottom of the list for this same segment.
Our data was telling us that this affluent segment was visiting diversionary sites like celebrity blogs and game sites rather than visiting their shrinking portfolios.
In preparation for my Interview on NPR’s Talk of the Nation last week, I learned another interesting facet to our data, search terms containing “portfolio” and “login” were on the increase. It seems that many of us, facing the gloomy news from the center of our financial universe were once again interested in viewing our portfolio. Based on the term patterns though, it appears many of us have been away so long, we forgot how to log-in.
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