Z, Ode to Paul Macrae Montgomery
Something to look for re: GOOG. If not now then when they announce the split.(gg)
"...the Time magazine indicator, which posits that when the magazine's covers begin to trumpet a major economic trend, the exact opposite is just about to occur. For example, then-Federal Reserve Chairman Paul Volcker was on the cover in spring of 1986 with the headline "The Second Most Powerful Man in America," just as bonds headed into a bear market. When Time closed 1999 by plastering Jeff Bezos of Amazon.com (nasdaq: AMZN - news - people) on its cover as "Person of the Year," it should have been obvious that the Web bubble was about to burst. According to Paul Macrae Montgomery, a market forecaster for Legg Mason Wood Walker in Newport News, Va., who originated the Time indicator, the indicator has about an 80% success rate."
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