If you weren’t convinced earlier that fantasy trading was a waste of your time we present this news:

CNBC Suspends Trading in ‘Million Dollar Portfolio Challenge’ Contest.  (news on news via TRB)

Other reactions.  (Forbes, Money Game)

Per our earlier post “Fantasy trading = Fantasy football“:

The bottom line is that traders trade.  No matter how small the notional amounts involved there is no substitute for putting real money on the line.

Now onto more important topics…