Most Active Stories
- Successful Entrepreneur Paul Cummings & Foundation Leader Cordell Carter Team Up to Launch TechTown
- City of Chattanooga Designates 140-Acre Downtown Area as 'Innovation District'
- Pentagon's Money-Saver: U.S. Troops To Leave 15 European Sites
- Start It Up Ep 10: Why a Good Bookkeeper Matters and Chattanooga's Filmmaking Community is on Fire
- Douglas Tallamy: Why Home Gardening 'Transcends the Needs of the Gardener'
The Last Word In Business
Originally published on Mon April 15, 2013 2:21 pm
DAVID GREENE, HOST:
And our last word in business today is: The Cicada Index.
Every 17 years, these nasty, loud, little insects known as Brood 2 cicadas emerge in staggering numbers - as many as on billion per square mile from the Carolinas to Connecticut.
STEVE INSKEEP, HOST:
They have a grinding song. They have an endless appetite for vegetation, and most people along the East Coast dread their arrival. But savvy investors know better.
GREENE: A Wall Street Journal analysis going back to 1928, shows that the year the cicadas return, the stock market has grown on average by 21 percent - that's double the historical average. And that's not that bad.
INSKEEP: And the cicada effect seems to be holding true. The market from 2013 so far is up almost 12 percent.
That's the business news on MORNING EDITION from NPR News. I'm Steve Inskeep.
GREENE: And I'm David Greene.
(SOUNDBITE OF MUSIC) Transcript provided by NPR, Copyright NPR.