jollystomper
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Apr 16, 2012
- Messages
- 6,196
Really, the gadget is clearly the product of someone trying to create today's click bait. The fact that its underlying indicators are equally weighted is prima facie evidence that no covariance analysis has been done. A serious effort would undoubtedly result in unequal weightings, but even that begs the question: What historical data could be used to validate the "measurement?" "too bulliish," "too bearish" -- How do you validate that, not to mention validating their claim that you can profit by "taking the other side?"
But, hey, the real objective is to attract eyeballs. That's apparently working for them.
+1
An index created purely to have something to report on in a "dramatic" way.