Monday, October 10, 2011

Volume 3 Issue 41: Intelligent Investing

Can Google Predict Stock Prices?

Well, this story is pretty crazy:
A recent study in the Journal of Finance by Zhi Da and Paul Gao of the University of Notre Dame shows that data from public Google searches can be used to beat the stock market by up to ten percentage points per year. Similar findings were released last month by researchers at the University of Kansas.
Anyone care to try it?