There are a lot of crazy indicators out there. One book to read about these is A Random Walk Down Wall Street by Burton Malkiel. But the most recent one I've seen put out by the Bespoke Investment Group tops them all! If this isn't a sign to jump back into the markets, I don't know what is. Here is the Sports Illustrated Swimsuit Issue Indicator.
Over the last 30 years, an American has appeared on the cover of the annual Sports Illustrated Swimsuit Issue in 15 different years. The average performance of the S&P 500 during those 15 years is a gain of 13.9% with 13 positive years (87%). Of the fifteen years where no American appeared on the cover, the S&P 500 has averaged a gain of only 7.2% with 11 positive years (73%).
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1 comment:
Great issue
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