Elliott and SI

Sports Illustrated’s cover jinx is actually an example of Elliott Waves in action, although not a particularly good one. By the time something comes to the mainstream’s attention, it’s run is largely done. That’s why the cover articles on sizzling real estate are a matter of more than a little concern to the investment professionals; as usual, if you take things at face value, you’ll fail to understand the more significant elements.

UPDATE: A similar example from NRO:

On Saturday, July 9, 2005, the President signed the following bill into law: S. 714, the “Junk Fax Prevention Act of 2005,” relating to unsolicited advertisements via telephone facsimile machines.

KJL: There are still fax machines?