Guest Author
May 13, 2004
This is a fascinating thesis: That the Nasdaq market movers are radical liberals whose George Soros-like hatred for Bush is influencing the movement of Nasdaq stocks. I don’t know if this is the case, but you simply must read it. Starting next week, Ms. D'Anconia will be submitting a weekly report, exclusive to To The Point, indicating the direction she perceives Nasdaq to be moving. -- Jack Wheeler.
I make measurements which indicate the direction the market is moving in the Nasdaq. The data I use are very sensitive indicators of the underlying financial mood of the Nasdaq movers and shakers. I do not try to predict or explain their mood. I just have a way of separating the noise from the signal.
In general, the larger indices (DJIA, SPX etc.) follow the same motions as the Nasdaq, but they do so more sluggishly. Nasdaq is the canary in the stock market mine, in that it is more sensitive and shows motion effects more clearly than the larger indices.
The stock market is one of the most quintessential symbols of American Capitalism. Thus it was with some surprise that since last fall, I found that inflections upward seemed to happen when bad things happened to America. Over the past several months there has appeared to be a correlation between political events and the direction of the Nasdaq. It is possible that these are all just coincidences. Anecdotal evidence is hard to use scientifically. Nevertheless, there appears to be a pattern.
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