Acceso usuarios
Andy Saporoschenko
Santa Ana wind conditions in Southern California are highly specific and noticeable weather events with a rich anecdotal history of causing negative psychological and physical effects including hypersensitivity. Thus, the Santa Ana wind events offer another means of examining the effect of weather on stock returns and other stock behaviour. This study examines the effects of Santa Ana wind conditions and Southern California cloudiness on individual stock data - which offers a more robust means of identifying stock weather effects. No evidence of a negative influence of Santa Ana wind conditions or Southern California sky cover (cloudiness) on Southern California individual corporation stock returns is found. Inherently, the effect of weather on stock behaviour depends on localized trading by investors located in the geographic area of the weather occurrence. Several proxies for local ownership of Southern California stocks are examined in relationship to their effect on Southern California stock return weather effects. ' � those hot dry winds that come down through the mountain passes and curl your hair and make your nerves jump and your skin itch. On nights like that every booze party ends in a fight. Meek little wives feel the edge of the carving knife and study their husbands' necks. Anything can happen'.The Red Wind, by Raymond Chandler
