Feed: Slashdot
Feed Link: https://slashdot.org/
---
Title: Which Piece of Speculative Fiction Had the Greatest Single-Day Stock
Market Impact?
Link: https://slashdot.org/story/26/02/26/1744240/w...
Speaking of the Citrini's blog post, which imagines a near-future AI-driven
economic collapse, and which ended up help triggering the S&P 500's worst
single-day drop in nearly two weeks on Monday, FT Alphaville decided to track
how US stock markets have moved on the release days of notable dystopian
speculative fiction throughout history. The story adds: You may contend that
this is facile. We would agree. You might contend that the comparisons make
no sense because it's possible to read a blog post during a single work
shift, but it's tricker to complete a whole novel (or sneak out to watch a
movie). We would contend: do you really think traders read? Let's begin. The
methodology -- tracking S&P 500 daily moves for post-1986 releases and
DJIA moves for pre-1986 ones -- crowned The Matrix as the all-time leader,
its March 1999 US debut coinciding with a 1.11% drop in the index. Citrini's
"The 2028 Global Intelligence Crisis" came in a close second at -1.04%. On
the positive end, the 2013 release of Her, a film about a man falling in love
with an AI agent, coincided with the largest gain in the set at +1.66%.
Read more of this story at Slashdot.
---
VRSS v2.1.180528
|
Slashdot 
