Interesting Wired article... maybe pertinent to the WOber thread?
(Apologies if already linked as its 4 days old... I know,that's ancient history in crypto,and tbh
I don't obsess over this thread so much as I used too, fair weather fan and such....)
https://www.wired.com/story/the-exaggerated-promise-of-data-mining/In 2018, a Yale economics professor and a graduate student calculated correlations between daily changes in Bitcoin prices and hundreds of other financial variables. They found that Bitcoin prices were positively correlated with stock returns in the consumer goods and health care industries, and that they were negatively correlated with stock returns in the fabricated products and metal mining industries. We dont give explanations," the professor said, "we just document this behavior. In other words, they may as well have looked at correlations of Bitcoin prices with hundreds of lists of telephone numbers and reported the highest correlations.
I don't get the point of that article. It says that looking for any correlations is going to find some, no matter what. So what? Correlation is not causation. Making sense of the (confirmed) correlations one finds requires insight, that's all.