During a 400-trading-day test period, researchers achieved an overall return of 6.8% while the stock lost more than 60%.
For years economists and investors have been pining for and positing a single reliable, mechanical mover of stock prices. For a time it was the weekly money supply; then, the bond market; and after that, the near-term trend of the U.S. dollar. The price of oil had its time in the sun, too. Each of these indicators had a logical explanation that made it attractive. The problem was, however, that none of them were supported historically—as a quick study of the price record over time would have confirmed.
John Casti’s just-published book, Mood Matters: From Rising Skirt Lengths to the Collapse of World Powers, continues to bring socionomics to the attention of the academic media. Two of the world’s most prestigious science journals published lengthy reviews of the socionomic hypothesis in their September issues. One write-up was favorable toward Dr. Casti’s book and socionomics, the other less so.