Amazing examples of misuse of data mining in finance

From stupid Data Mining Tricks: Overfitting S&P 500: "Norman Bloom, no doubt a champion of all data miners, went beyond trying to predict the stock market. Instead, he used the stock market, along with baseball scores, particularly those involving the New York Yankees, to “read the mind of God.” I offer a small sample of Bloom, in the original punctuation, here: “THE INSTRUMENT GOD HAS SHAPED TO BRIG PROOF HE HAS THE POWER TO SHAPE THE PHYSICAL ACTIONS OF MANKIND--is organized athletics, and particularly BASEBALL. THE SECOND INSTRUMENT shaped by the ONE GOD, as the means to bring PROOF HE IS THE ONE God concerned with the Mental and business aspects of mankind and his civilization is the STOCK market—and particularly the greatest and most famous of all these – ie THE NEW YORK STOCK EXCHANGE." Full article `here`_ - Posted using BlogPress from my iPad .. _here: http://nerdsonwallstreet.typepad.com/my_weblog/files/dataminejune_2000.pdf