Barron’s cover showing Apple’s new “golden” headquarters generated a truckload of commentary, including a lot of previously debunked nonsense; Josh has a good round up here.
This is important stuff. Why? Because separating reality from bullshit is the key to making better informed and more intelligent investment decisions.
I will have a lot more on this later today, but just note that the HQ Indicator is spurious, the Magazine Cover Indicator is widely misunderstood, and there is no such thing as a Single Company Magazine Cover Indicator (SCMCI).
1981 – Present: Which of these 138 Apple/Steve Jobs Magazine Covers is the Sell Signal?
Source: Kuo Design
More on this later today . . .
Magazine Cover Indicator (40 or so indicators over the past 15 years)
Shut up already
TRB, December 23, 2017
Magazine Covers: Useful? It Depends
December 24, 2017