Ayn Refuted? from Kim Zussman
Friday ended 4 consecutive up weeks, in DJIA comprising almost 21% gain. This came after a down week (-6% in early March, before super-heroes rescued the world).
Looking for patterns of a down week followed by 4 consecutive up weeks (DUUUU), the recent 21% is the third biggest up-move. Here are similar past moves in DJIA, along with the returns of the following 4 weeks:
Date DUUUU nxt 4 week
08/01/32 0.519 0.226
04/24/33 0.319 0.182
08/30/82 0.180 -0.019
11/19/28 0.146 -0.006
Fiat bail-outs appear to work, once netted against world wealth gain. Ayn refuted?