The key to success in the stock market is simple: buy low and sell high. The hard part is knowing when the market will be low and when it will be high. To address this challenge, armchair analysts have come up with a host of unique metrics that have nothing to do with alpha beta, the Sharpe ratio or any of the other more traditional analytical measures.
According these unusual metrics, short-term stock market performance can be predicted by everything from the volume of butter production in Bangladesh to the length of women's hemlines. Do any of these indicators hold even a grain of truth? We'll explore some of the more fanciful indicators here.
Butter production in Bangladesh