Our friend Jason Zweig has written a fine story today on a sham technique used by many investment advisors to claim superior performance and charge outrageous fees. It's worth a read.
Christopher
Data Mining Isn't a Good Bet For Stock-Market Predictions
Slicing and dicing data to predict the future can get dicey.
The Super Bowl market indicator holds that stocks will do well after a team from the old National Football League wins the Super Bowl. The Pittsburgh Steelers, an original NFL team, won this year, and the market is up as well. Unfortunately, the losing Arizona Cardinals also are an old NFL team.
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