Venice astrological circle; credit Wikimedia
Astrology in finance?
In a previous MathInvestor article, we mentioned how absurd it would be if someone offered predictions of stock or bond prices or cryptocurrency rates based on astrological signs.
Consider for a moment that financial market prices are based on a confluence of many thousands of factors worldwide, including developments in science and technology, changes in consumer sentiment and preferences, changes in prices of production, public health emergencies (e.g., Covid-19), political developments, competition with other financial instruments and even changes in weather. These prices are negotiated electronically, on behalf of millions of
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