Counting Harvard Sheep As a Contrarian Indicator

Soifer Consulting has been tracking an interesting contrarian indicator (which we found via Daily Dose of Optimism) for the past several years: If 10% or less of the graduating Harvard MBA class takes “market-sensitive” job (e.f. investment banking, trading, investment management, VC or private equit), it’s bullish; if 30% or more do, it’s bearish. Back in November, Harvard released the results of its 2005 class and guess what? Exactly 30% chose market-sensitive jobs, up from 26% a year ago and 23% in 2003. The previous two sell signals came in 2000 and 1987. Maybe they’re on to something.
Harvard MBA Indicator Flashes ‘Sell’ [Soifer Consulting]

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