Barry Ritholtz, Columnist

A Spurious Anecdote Masquerades as an Investment Signal

Don’t assume it means much of anything when a company moves into new headquarters.

April 10, 2017 at 3:39 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

A "buy" or "sell" signal?
Photographer: Mario Tama/getty images

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One of the things I try to accomplish with this column is to separate wishful thinking and fantasy from hard, cold facts. We have looked at the Hindenburg Omen, the Death Cross, even financial astrology. All have been found wanting.

It is a never-ending battle to keep junk out of the heads of traders and investors. Today’s example comes from Andy Kessler, who discusses what he calls the HQ Indicator in the Wall Street Journal: