Appeared on May 28, 2011
Wesley R. Gray, PhD, assistant professor of finance, was quoted in an Institutional Investor article titled “Can Twitter Predict Stock Market Moves?”
“Do people Tweeting have the money that drives the sentiment? Probably not,” says Gray. He questions whether the relationship between measures of calm and future market returns makes intuitive sense and, in a recent blog post, concluded that “using mood to predict stock prices doesn’t pass the sniff test.”