Second Ave Subway Market Forecast

Posted on Apr 19 by ack.
Categories: nyc.

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On April 12th, ground was broken on the Second Ave Subway line, a much promised new subway going up the east side of Manhattan.

SeekingAlpha looked at the Second Ave subway as a leading market forecast, and created the graph above. This all started with the Post’s Curse of the 2nd Ave article.

In order to test this argument, we did a news search dating back to 1925 of all times where either funds were approved or construction began on the Second Avenue line, and as the chart shows, more often than not, the periods coincided with short (or in some cases long) term peaks in the market.