Be Skeptical Of What You Read In The Paper – Question Everything #2

Article by Paul Sonkin, Pitch The Perfect Investment

This post is the second in an ongoing series focusing on incredibly idiotic stories in the newspaper.

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Today’s victim is a story in today’s Wall Street Journal by Spencer Jakab titled Market’s Unlucky-Sevens Streak in Danger (please note that for copyright purposes, I can’t reproduce the story here).

The story states that, “Unless the rising stock market suddenly slams into reverse, a pattern for U.S. blue-chips that has held for 130 years is about to end.” and “For the past 13 times that a year has ended in seven, going back to 1887, the Dow...