The Humbled Trader goes to Wall Street.
Posted: Wed Jul 27, 2022 3:43 am
Day Trading Pro Visits New York Stock Exchange. You could do much worse than listen to her for advice.
"When the Market Drives You Crazy: Stock Market Returns and Fatal Car Accidents," Corrado Giulietti, Mirco Tonin, and Michael Vlassopoulos, Journal of Health Economics, vol. 70, 2020, article 102245. https://doi.org/10.1016/j.jhealeco.2019.102245
The authors explain:
"This paper provides evidence that daily fluctuations in the stock market have important – and hitherto neglected – spillover effects on fatal car accidents. Using the universe of fatal car accidents in the United States from 1990 to 2015, we find that a one standard deviation reduction in daily stock market returns is associated with a 0.6% increase in fatal car accidents that happen after the stock market opening. A battery of falsification tests support a causal interpretation of this finding. Our results are consistent with immediate emotions stirred by a negative stock market performance influencing the number of fatal accidents, in particular among inexperienced investors."