AAII Member Question
Market Prophit is developing an exchange-traded fund (ETF) that will invest in equities based on market sentiment measured by computer analysis of Twitter posts. If the ETF receives regulatory approval, it will pick equities from the company's proprietary Market Prophit Social Media Sentiment Index, which uses Twitter data over three-month periods. Would you invest in such an ETF?
The "Twitter data over three-month periods" makes me question it's value.
It seems to me that sentiment has it's greatest value in predicting the next very short term direction.
Meanwhile:
AAII members are:
(as of 11/18/2015)
Bullish: 30.77%
Neutral: 38.68%
Bearish: 30.55%
Edited by Rogerdodger, 19 November 2015 - 10:01 AM.
