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Stock Nyc

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Stock Nyc
Does the weather in NYC affect the stock market?

It's been mostly gray skies and cold for the last two weeks.
Would a spell of good weather help the market?

Intersting that you ask that. The thinking behind academics is that the markets are efficent and data will affect the stock market. But there is something called the cloudy day effect, which says that on cloudy day, markets dont perform well. There is also a hem line effect. When the fashion designers decrease the hem line of a skirt, markets typically perform well. There is also a january effect, which says that small cap stocks out perform in month of january.

In short, it very well could be that the cloudy day does have an affect.

Michael Moore Rallies at New York Stock Exchange

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