Loading...
Most Recent Stories

DATA MINING AT BLOOMBERG

Bloomberg is out with an article detailing the largest election day-inauguration day decline ever. The story implies that this is somehow relevant to today’s stock market.  The reality is that the stock market is a very different place today than it was in 1933 and the fundamentals of the current market are entirely different from the fundamentals in February of 1933.

dow-drop-since-election-meant-rally-in-e2809933

Picking lone data out of a set of hundreds like this is counterproductive.  It is not statistically relevant at all.  In fact, a good statistician would likely throw the 1933 data out because it skews the data so substantially.  We are in unique times.  There is no playbook for this market.