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THE next time you’re about to buy or sell a stock, you may first want to look up — at the moon.

You read that correctly. Believe it or not, the stock market tends to do better or worse depending on where we are in the lunar cycle.

That’s the conclusion of two studies that have circulated for a couple of years in academic circles but that, until an article in the November issue of the Harvard Business Review, received relatively little attention outside academia. The first study, “Lunar Cycle Effects in Stock Returns,” was by Ilia D. Dichev, an associate professor of accounting at the University of Michigan, and Troy D. Janes, an assistant accounting professor at the State University of New York at Buffalo. The second study, “Are Investors Moonstruck? Lunar Phases and Stock Returns”, was by Lu Zheng, an assistant finance professor at the University of California, Irvine; Kathy Yuan, an assistant finance professor at Michigan, and Qiaoqiao Zhu, a graduate student there.

Both studies agreed on a crucial point: during the 15 days of the lunar month closest to the new moon — starting seven days before it and ending seven days after — the stock market’s average returns are much higher than those of the other half of the month.

The differences are quite large — as much as 10 percent a year, on average, depending on the stock index and the number of decades studied — and they are pervasive. The researchers found a lunar effect in all major United States stock indexes over their history, including the Dow Jones industrial average back to its start in 1896. Furthermore, after examining several dozen foreign markets, the study by Professors Dichev and Janes concluded that “if anything, the results are more pronounced for foreign countries.”

Tips always appreciated :D 1es4J49hCbb2XhDcEUGRz1K1uPcYF8gDC
Supermun + CNY + regulation deadline = invest in doge while you still can!
A scholary study:

Anyone else who has links to any scientific scholary studies please link them for us to better understand this voodoo. A small bitcoin tip for great studies!
ChsaDos Nathanael
Thanks Ronald - bookmarked. Feel free to respond with an address for a small tip if you would like one.
it seems it's always new moon for bitcoin fanatics =)
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