Below, is just a slight bit of insight that I will command, once some more time and tape tick by.
Plotted above are the S&P analysts’ estimates from the 7th against the 14th…for the S&P, below, is just financials.
So, was the ~3% Week over Week in the S&P justified? Time will tell.
Next up, i’ll be programming my database to alert me, when we get negative correlation between analysts estimates and market direction. I think opportunity will knock if the situation arises…this will take a year, of data collection, at least…but…I have time.
I know, I’m playing with the boundaries of market causality, coincidence, and correlation again. When I get a real blog, that’s what I’m going to name it. “The 3 C’s of market participation”.