Feb

4

One notes that after the 6 negative Januaries, the average change the next 11 months was + 7%. After the 4 positive Januaries, the average change was 3%. Thus, another speculative canard bites the dust as was guaranteed to happen. Only a Shiller or a writer of musicals based on the elephant man would continue to love such a barometer. And it would be a good caution to keep in mind for other seasonarian ideas, where out of date correlations, originally found by retrospective and multiple classifications, are shown to be overcome by ever-changing cycles and randomness at the outset.


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