Boston Snow Indicator
Since it is nearly Christmas, I thought I would write something about the Boston Snow Indicator.
The theory is that if there is snow in Boston on Christmas day then the price of stocks will go up for the coming new year.
Hmm.. I’m not sure just how valid this economic indicator is, But I don’t think that I will place much faith in the Boston Snow Indicator this (or any) year!
Unfortunately, I have had a good look around on the internet and there does not seem to be much evidence to support the accuracy of the Boston Snow Indicator.