Stock Prices, Presidents and Recency Bias
Posted on October 17, 2012 at 00:40 AM EDT
I’m not sure whether to laugh, cry or throw this in the “dataming” bin. The chart below comes from Lars Christensen’s blog. It shows the S&P 500 vs the re-election odds of President Obama. As you can see, the correlation is extremely close. Now, Mr. Christensen is a market monetarist and they’re pretty fond ...