This is Time Magazine’s cover for the September 23rd issue. (hat tip EPJ)
Part of the marketing scheme of magazine publications have been to design covers which reflects on the popular or fashionable theme.
With reference to the marketplace, when a popular investment theme graces the cover, they could be symptoms of sentiment excesses or the “crowded trade” phenomenon that could be indicative of inflection points: And so the magazine cover indicator.
Such indicators may not be foolproof, but current Time magazine covers as 'magazine cover indicators' have, thus far, been "IN the money".
I pointed to the Time Magazine’s depiction of ‘end of the euro’ in November of 2011.
Three months after the Time's November issue, the Euro rallied. (chart from yahoo)
A more interesting account has been the Time's May 2013 issue extolling the supposed heroics of Japan’s PM Shinzo Abe adaption of bold inflationist policies (The title of my post: Here comes Super Abenomics)
Just a few days after, the Nikkei went into a tailspin and crashed into bear market territory in about three weeks. Yet today the Nikkei continues to flag marked by lower highs and lower lows. (chart from yahoo)
Will the Time’s magazine cover for September 2013 be ominous for US stocks?
Wikipedia relates The group Skull & Bones is featured in conspiracy theories, which claim that the society plays a role in a global conspiracy for world domination. Theorists such as Alexandra Robbins suggest that Skull and Bones is a branch of the Illuminati.[20] The yearbook listing of Skull & Bones membership for the 1920 delegation included co-founders of Time magazine, Briton Hadden and Henry Luce.
ReplyDeleteMembers are assigned nicknames (e.g., "Long Devil", the tallest member, and "Boaz", a varsity football captain, or "Sherrife" prince of future). Many of the chosen names are drawn from literature (e.g., "Hamlet", "Uncle Remus"), religion, and myth. The banker Lewis Lapham passed on his nickname, "Sancho Panza", to the political adviser Tex McCrary. Averell Harriman was "Thor", Henry Luce was "Baal", McGeorge Bundy was "Odin", and George H. W. Bush was "Magog".[23]
In the 2004 U.S. Presidential election, both the Democratic and Republican nominees were alumni. George W. Bush wrote in his autobiography, "[In my] senior year I joined Skull and Bones, a secret society; so secret, I can't say anything more."[24] When asked what it meant that he and Bush were both Bonesmen, former Presidential candidate John Kerry said, "Not much, because it's a secret."[25][26]
The society's current class meets every Thursday and Sunday night during their senior year.[27]