Elliott Wave – New York Weather and Stocks!
by Elliott Trader on Friday, May 27th, 2011 | No Comments
An Amazing Analog: New York Weather And The Stock Market
New Yorkers have recently been getting a lot of rain. Someone recently complained to me that it had rained in New York City for 5 straight days! As someone who lives near Tacoma, WA, in what we playfully call the “Pacific Northwet” (sic), 5 days does not sound like a very long time.
Investors who live in New York City should learn to love the rain. This week’s chart takes a fun look at a possibly spurious correlation between New York City rainfall and the stock market. It turns out that periods of greater than normal rainfall tend to be good periods for stock prices.
