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Moneyspider in the News
27/06/2007
You could have predicted it
Timesonline
A firm of fund data analysts claims that the US craze for using astrology to predict financial events is heading over here. Moneyspider.com says that astrological websites from America are targeting British investors with spam e-mails encouraging them to invest using the movements of the planets. It cannot be said too often that anyone that puts money on astrology is an idiot, but the analyst quotes one recent study carried out by the British Association for the Advancement of Science using a professional investor, a five year old child, and a financial astrologer, all of whom had £5,000 to invest. The astrologer who based her decision on the birth dates of companies, did worst. Alas, the child's random choices beat the professionals.
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