Wednesday, August 12, 2009

Not Surprising, Joe Weisenthal Is Clueless, Again

As per usual, Joe Weisenthal has registered high on the clueless scale.

With reference to the frequency of stock market downturns in the September-October period, Wiesenthal writes in a post headlined, Why Does September Hate The Stock Market?:

Nobody has any clue whatsoever, and even after all these years, we'd guess it's just statistical noise.
The noise Weisenthal hears is probably between his ears.

There is an explanation that has nothing to do with the noise Weisenthal hears.

1 comment:

  1. We crunched the numbers here:

    Contractions in M2 NSA definitely correlate with stock market corrections/crashes.

    Thanks for your ideas and keep up the exceptional work.