For those of you with a sense of humor here’s the first set of data points in a new statistical correlation series. When Reading the Markets is on vacation the market tanks. Well, the beginnings are at least as promising as the S&P-Bangladesh butter correlation. In fact, it just might be a savvy sentiment indicator. So if you lean long, perhaps you should keep encouraging me to stay the course when my energy flags (which it often does).
This week I’m going to share some thoughts on two books published 45 years apart—Brian R. Brown’s Chasing the Same Signals (2010) and Orline D. Foster’s Ticker Technique (originally published in 1965). I’ll fill in the gaps with some of my own blather.