One mathematician is looking to the Bible by using information gleaned about the Shemitah cycle to predict trends in international stock markets.
Thomas Pound is an American educator and mathematician with a passion for statistical analysis in the financial arena. Several years ago, he corresponded with a financial advisor who was using a decennial analysis to determine which years were optimum for investor returns. According to the theory behind decennial analysis, which was first proposed in the book “Irrational Exuberance” by Yale Economics Professor Robert Shiller, years ending in the number eight yielded better returns than other years. Years that ended in seven were even less lucrative than normal.
Armed with 144 years of market data going back to 1871, Pound set out to test the validity of this theory. As Pound explained to Breaking Israel News, “Being a statistician, if somebody makes a claim, then statistically, it should hold up.”
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