Appeared on January 19, 2012
Institutional Investor quotes assistant professor of finance Wesley Gray, PhD, in the article “Can Twitter Predict Stock Market Moves?” Gray says: “Do people Tweeting have the money that drives the sentiment? Probably not.” Gray 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.” The article also references recently published research conducted by Gray and LeBow Ph.D. student Jack Vogel.