Does the magazine cover indicator work? For example, two weeks ago the Economist cover (December 1st) featured the falling US dollar. The cover was published at about the time dollar was bottoming (at least for the short term). A chart of the US Dollar Index is included above.
Is there any published information on the reliability of taking the opposite position implied by news magazine covers? By the time a trend becomes so widely recognized that it appears as the cover topic of a news magazine, most everybody must already be on board the reported trend.
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