Roubini searches on Google skyrocketed as U.S. stock markets crashed during the crisis. The more popular he got, the more money you lost:
When you look at the graph, you will notice the negative correlation especially after Summer of 2007. The graph covers Aug 2006- Apr 2010 period. The last time Roubini’s popularity increased tremendously was March 2009. Since then Roubini’s popularity has been declining and the stock market has been increasing. I also ran a regression test and found that 1 unit increase in Roubini’s popularity is associated with a 114 point decline in S&P 500 index.
Indeed, Roubini searches have been falling over the last year as global markets have rallied. Thus the professor’s meme is in desperate need of a sustained market correction, and if you see a spike in attention, it will mean your stock portfolio is losing money again.
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