Saturday, April 17, 2010

Time Magazine and Philippine Elections

For the politicized public, when a politician gets featured in Time magazine, this is something worth babbling about.

But like all magazine indicators such publicity tend to focus on populist sentiment and the biases held by the editors.

But the fact is, the prominence offered by gracing the cover of Time Magazine doesn't imply impeccability.

Proof?

Just take a look at some of the record of Time's Person of the Year.



Joseph Stalin, Time's Person of the Year twice in 1939 and 1940
Iran's Ayatollah Khomeini Time Person of the Year 1980

You can read the complete list here

One more thing, if magazine cover occasionally work for markets as contrarian indicators, applied to the local elections, could this imply a popularity peak (or possible loss from the "magazine curse") for the top running local candidate?

[See earlier post: Media Indicators And Market Reversals]

This should be a good running test on the supposed predictive prowess of magazine cover indicators.

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