Predictable
By Matthew Hoy on March 30, 2009
I haven't looked at what people are blaming today's market downturn (DJI -254.16 points) on, but I could've told you Friday this would happen. Why?
Guest lineup for the Sunday TV news shows:
ABC's "This Week" — Treasury Secretary Timothy Geithner.
NBC's "Meet the Press" — Geithner
We're lucky that the market didn't tank more.
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Using who appears on the Sunday talk shows as a gauge to market activity on Monday is an interesting concept. I would suggest that this method will work about as well as basing predictions based upon the location of the stars or tarot cards.