The geomagnetic field and the stock market
Because I've written about a psi-GMF link, a reader sent me this a pointer to this interesting paper from Anna Krivelyova and Cesare Robotti of the Federal Reserve Board of Atlanta: Playing the Field: Geomagnetic Storms and the Stock Market 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