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[sharechat] Celestial investing is the way to go

From:	"Peter" <pmaiden@xtra.co.nz>
Date:	Sun, 21 Oct 2001 20:42:43 +1300

The Economist had a depressing story about how the recession in the US was going to last longer than most experts predicted.

This piece was a bit more exciting ..... and I believe, hidden by the clouds, there is new moon up there somewhere.

http://www.economist.com/finance/displayStory.cfm?Story_ID=824707

An excerpt - .....on average, daily returns were much higher around new moons than full moons, when investors are presumably sprouting fangs and howling rather than buying shares. Returns were 8.3% lower in weeks with a full moon than ones with a new moon. The lunar effect held in 43 of the 48 countries, and investing by it would have been profitable even after trading costs.

I might even plough my way through the full paper - http://webuser.bus.umich.edu/kyuan/moonstruck.pdf

Cheers

Peter

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