Playboy Contrarian Indicator
One contrarian indicator that I use and that has been pretty reliable in the past is when a playboy playmate gives up modeling to become a real estate investor. It has predicted 100% of almost some of a few real estate crashes in the past. Jamie Westenhiser is giving it up, after posing in the May issue, to go into real estate.
(I'm not sure where I saw this, but I think it might have been from the Big Picture)
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Comments
It was and you did. Originally in WaPo.
(That's not an ugly chart at all!)
Posted by: B at May 26, 2005 09:27 PM
Dont know why, but the comment poost went kerblooey
Here's the original link:
http://bigpicture.typepad.com/comments/2005/05/playboy_bunny_o.html
Posted by: Barry Ritholtz at May 26, 2005 09:29 PM
Hey there,
First off, thanks for the great story about Miss May, Jamie Westenhiser.
This story cries out for the kind of thorough, methodical research one would ordinarily associate with Modern Portfolio Theory. Accordingly, I'm going to make it a point to research all of the last 50 years of Playboy to see which other Playmates of the Month have gone into careers that have been correlated with the top in the prices for real estate or other asset classes.
You mentioned in your initial message that you had data about other Playmates that seemed to point in this direction as well. Would you care to share some additional examples of other Playmates who have gone into real estate, and indicate the month of the publication indicating that career choice on their part(s)?
Thanks, again, for the great post.
Tom
Posted by: Tom at May 28, 2005 06:25 AM
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