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frosty

frosty
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  • As Goes Alcoa, So Goes the S&P 500 Index [View article]
    "AA's earning reaction is a good indicator for the market heading forward" - based on a sample of 24 quarters and a correlation of, what, .6? Voodoo statistics - whether AA rises or falls the day after reporting may have little or nothing to do with AA, or maybe sometimes it does and sometimes it doesn't. And then the S&P follows AA?! This would certainly make investing simple if true. People who base investment decisions on dubious correlations such as this had better hope a good does of luck intervenes on their behalf.
    Apr 12 08:27 AM | Likes Like |Link to Comment
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