posted on Jan, 9 2013 @ 11:46 PM
reply to post by stereologist
I know that, I posted to end the melanin part quickly. It would cause pointless bickering, mycology have the best example - Chernobyl black fungus
exploits melanin properties to survive radioactive surroundings.
But to return, just some observations > you seem to have your clues off or is new to the subject or both... You just won't get the reference to what
is being discussed and how the information posted connect to the point constantly made to you.
On stock market and geomagnetic activity, another case where you appear to have done zero searches on that either.
The information you seek but aren't interested enough to look and confirm to yourself.
Federal Reserve Bank of Atlanta > Atlanta Fed Working Papers >
Playing the Field: Geomagnetic Storms and the Stock Market
Anna Krivelyova, Boston College
Cesare Robotti, Federal Reserve Bank of Atlanta
Working Paper 2003-5b
Revised October 2003
Explaining movements in daily stock prices is one of the most difficult tasks in modern finance. This paper contributes to the existing literature
by documenting the impact of geomagnetic storms on daily stock market returns. A large body of psychological research has shown that geomagnetic
storms have a profound effect on people’s moods, and, in turn, people’s moods have been found to be related to human behavior, judgments and
decisions about risk. An important finding of this literature is that people often attribute their feelings and emotions to the wrong source, leading
to incorrect judgments. Specifically, people affected by geomagnetic storms may be more inclined to sell stocks on stormy days because they
incorrectly attribute their bad mood to negative economic prospects rather than bad environmental conditions. Misattribution of mood and pessimistic
choices can translate into a relatively higher demand for riskless assets, causing the price of risky assets to fall or to rise less quickly than
otherwise. The authors find strong empirical support in favor of a geomagnetic-storm effect in stock returns after controlling for market seasonals
and other environmental and behavioral factors. Unusually high levels of geomagnetic activity have a negative, statistically and economically
significant effect on the following week’s stock returns for all U.S. stock market indices. Finally, this paper provides evidence of substantially
higher returns around the world during periods of quiet geomagnetic activity.
JEL classification: G1
Keywords: stock returns, geomagnetic storms, seasonal affective disorders, misattribution of mood, behavioral finance
The authors have benefited from the suggestions of Mark Kamstra, Lisa Kramer, Dan Waggoner, Dmitry Repin, Mark Fisher, Steve Smith, and Ron
Zwickl. Comments from an anonymous referee and seminar participants at the Federal Reserve Bank of Atlanta, University of Virginia, Boston College,
Georgia State University, George Washington University, University of Michigan, and University of Arizona are also acknowledged. The views expressed
here are the authors’ and not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System. Any remaining errors are the
Please address questions regarding content to Anna Krivelyova, Department of Economics, Boston College, 140 Commonwealth Avenue, Chestnut Hill,
Massachusetts 02134, 404-869-4715, firstname.lastname@example.org, or Cesare Robotti, Federal Reserve Bank of Atlanta, 1000 Peachtree Street, N.E., Atlanta,
Georgia 30309, 404-498-8543, email@example.com.
To receive notification about new papers, please use the e-mail notification system, or contact the Public Affairs Department, Federal Reserve
Bank of Atlanta, 1000 Peachtree Street, N.E., Atlanta, Georgia 30309-4470, 404/498-8020.
edit on 9-1-2013 by wujotvowujotvowujotvo because: (no reason given)