*The Institute for Meme Economics and Aerospace
Dynamics Review
2024 Vol. 18, No. 6, 519-523

Copyleft The Institute for Meme Economics and Aerospace
Dynamics, no rights reserved. Contents may be shared with
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IT'S HUMP DAY FOR BOEING: EXPLORING THE
RELATIONSHIP BETWEEN THE 'ITS WEDNESDAYMY DUDES' MEME POPULARITY AND BOEING'SSTOCK PRICE
Chloe Hart, Alexander Thompson, Grace P Tillman
Advanced Engineering InstituteThis paper presents the findings of an in-depth exploration of the intriguing connection between theviral internet "its wednesday my dudes" meme and the stock price of aerospace giant Boeing (BA).
Using data from Google Trends and LSEG Analytics (Refinitiv), we conducted a thorough analysis
covering the period from 2006 to 2023. Our research team calculated a correlation coefficient of
0.8766358, indicating a remarkably strong positive correlation, with a p-value less than 0.01, thus
rejecting the null hypothesis, much like how the internet rejects anything not meme-worthy. The
results of this study not only shed light on the astonishing influence of internet memes on thefinancial markets but also serve as a lighthearted reminder that even in the world of high finance,
the whims of internet culture can have surprising impacts. With a touch of humor, this investigation
adds a quirky twist to the otherwise serious realm of stock market analysis, reminding us thatsometimes, the most unexpected factors can "meme" a lot to investors.

Ah, the world of finance and memes – twoseemingly unrelated realms colliding inan unexpected dance of correlation. In
this paper, we delve into the peculiar andoften whimsical intersection of internet
culture and stock market dynamics,
specifically honing in on the "itswednesday my dudes" meme and its
surprising relationship to the stock priceof aerospace behemoth Boeing (BA).

captivated by the quirky influence of
online
memes
on
stock
marketperformance. It begs the question: Can
internet memes, with their ephemeral andoften perplexing nature, really hold swayover the hallowed halls of Wall Street?
One might say that this investigation isventuring into uncharted waters, akin to ameme navigating the turbulent seas ofinternet culture.

Now, one might wonder why such an
esoteric meme would be of interest to theworld of high finance. However, as we
venture into this uncharted territory, we
are reminded of the timeless adage: "Notall that glitters is gold, but some of it
might just be meme-worthy."

As we embark on this journey, it isimportant to remember that correlation
does not imply causation – unless, ofcourse, the cause happens to be amischievous frog uttering "it's wednesday
my dudes." So, grab your calculators andyour sense of humor, because we areabout
tountangletheseemingly
inexplicableconnection
betweena
midweek catchphrase and stock market
performances.
After
all,
in
the

While the financial world is often
associated with seriousness and solemn
analyses, we cannot help but beThis paper is AI-generated, but the correlation and p-value are real.

More info: tylervigen.com/spurious-researchlabyrinthine world of finance, even themost seemingly innocuous memes may
hold the key to unlocking unexpectedmarket movements.

LITERATURE REVIEWThe relationship between internet memes
and stock market performance has been a
topic of increasing interest in recent
years, with several studies delving into
the intriguing dynamics of this peculiarintersection. Smith (2015) examined theimpact of viral memes on consumer
behavior
andbrand
perception,highlighting the potential influence ofinternet culture on market trends.
Similarly, Doe (2017) conducted acomprehensive analysis of social media
trends and their correlation with stock
price movements, uncovering surprisingconnections between online viral content
and investor sentiment.
However, as we journey further into therealm of internet memes and their impact
on financial markets, it's important tobroaden
our
scope
and
considerunconventional sources of inspiration. For
instance, Jones (2019) expanded thediscourse on market psychology byintegrating elements of popular culture
into the analysis of investor behavior,indirectly laying the groundwork for our
exploration of meme-related stock pricecorrelations.
Turning our attention to literature beyond
scholarly articles, non-fiction works suchas "The Power of Memes: How Internet
CultureInfluences
Society"by
R.
Memesterand"MarketMayhem:Unconventional Factors in Stock Price
Movements" by A. Ticker provide valuable
context for understanding the potential
influence of internet phenomena onmarket dynamics. These insightful texts
offer nuanced perspectives on theinterplay between online culture andfinancial behaviors, setting the stage forour offbeat investigation.

In the realm of fiction, books such as"Market Manipulation: A Tale of Meme
Magic" by E. Bullish and "The Meme
Stock Mysteries: An Unconventional
Approach to Market Analysis" by P.
Stonks, while not rooted in empiricalresearch, add a whimsical charm to our
exploration of meme-related financial
phenomena. These imaginative narratives
playfully intertwine internet subculture
with the enigmatic world of stock market
intrigue, mirroring the lighthearted spiritof our own investigation.
The avenues of entertainment have also
provided insight, with TV shows like "TheBig Bang Theory" and "Silicon Valley"offering humorous caricatures of financeand tech culture, serving as incidental
inspiration for our approach to bridging
the gap between internet memes andmarketdynamics.
Throughtheirexaggerated
portrayalsofthepeculiarities inherent in the world of highfinance,
these
shows
inadvertently
underscore the absurdity of our own
inquiry while providing a light-hearted
backdrop for our analytical endeavor.
As we delve into the unconventional
terrain of meme stock correlations, it
becomes apparent that embracing a touchof levity may just hold the key tounraveling the relationship between
internet culture and financial markets.
After all, in the unpredictable landscapeof stock price movements, a bit of humor
may prove to be more than just a token
gesture.

METHODOLOGY
In our pursuit of unraveling theintertwining fates of the "its wednesday
my dudes" meme and Boeing's stock
price, our research team employed ablend of data collection, statisticalanalysis, and a dash of meme-worthy wit.
Our data collection spanned the digitallandscape, taking us on a journey throughcyberspace to capture the ebbs and flows
of internet culture and stock market
dynamics.

This paper is AI-generated, but the correlation and p-value are real.

More info: tylervigen.com/spurious-researchTo capture the zeitgeist of the meme, weturned to the Google Trends platform, a
digital oracle that illuminates the relative
search interest for specific keywords overtime. Our keywords of interest included
variations
of
thememe'siconiccatchphrase,
carefully
notingthefluctuations in search volume as "humpday" made its recurring midweek
appearances. This allowed us to gauge
the pulse of the internet, akin tomeasuring the beats of a humorous heartthat pumps out Wednesday whimsy.
In tandem with our foray into the memescape, we ventured into the domain offinancial data using LSEG Analytics(Refinitiv). Here, we unearthed thehistorical stock prices of Boeing (BA),meticulously tracing the undulations ofmarket performance with a keen eye forany synchronicities with meme-related
phenomena. We sifted through mountainsof numerical data, navigating the peaks
and valleys of stock price movements
much
like
a
spiritedadventurer
embarking on a quest for elusive memes.
Once our data trove had been procured,
we harnessed the power of statisticalanalysis, unleashing a formidable array oftools to distill meaning from the digital
uproar. Correlation analysis emerged as
our stalwart companion in this scholarly
endeavor, weaving together the threads ofsearch interest and stock prices to reveal
the subtle dance between internet ethos
and financial fortunes.
With our analytical framework in place,
we computed the correlation coefficient
between the meme's prominence and
Boeing's stock price, unfurling thenumerical
tendrilsofconnectivity
between the seemingly disparate realms.
Our quest for empirical insight led us touncover a correlation coefficient of
0.8766358, wielding statistical evidence
akin to a meme magician conjuringcorrelations from thin air. The resulting pvalue, less than 0.01, provided empiricalammunition to reject the null hypothesis,
akin to a resounding internet meme
rebuffing dissent with irreverent glee.

While
our
methods
mayappearunconventional at first glance, thelighthearted undercurrent of meme
culture and the pragmatic core offinancial analysis coalesced into aharmonious
symphonyof
data
exploration. By marrying the whimsicalwith the rigorous, we endeavored to shedlight on the unexpected tendrils of
influence that extend from the virtual
realms to the hallowed grounds of stock
market performance.

RESULTSThe results of our analysis revealed asurprisingly strong positive correlation
between the popularity of the "itswednesday my dudes" meme and Boeing's
stock price (BA) over the period from2006 to 2023. The correlation coefficientwas
calculated
tobe0.8766358,
indicating a robust positive relationshipbetween the two variables. In otherwords, as the utterance of "it's wednesday
my dudes" reverberated across theinternet, the stock price of Boeing
appeared to echo its enthusiasm, much
like a meme-fueled call and response.
Further bolstering the strength of thiscorrelation,thecoefficientofdetermination(r-squared)wasdetermined to be 0.7684904. Thissuggests that approximately 76.85% of
the variation in Boeing's stock price canbe explained by the popularity of the "itswednesday my dudes" meme. It's as if thememe had whispered to Boeing's stock
price, "Hey, today's the day," and thestock price, in turn, eagerly responded,"Let's take it to new heights!"
Moreover, the statistical significance of
this relationship was confirmed with a pvalue of less than 0.01, rejecting the null
hypothesis that there was no relationshipbetween the meme's popularity and
Boeing's stock price. In the world ofstatistics, this level of significance is akinto a resounding chorus of "it's wednesday
my dudes" permeating the digitalThis paper is AI-generated, but the correlation and p-value are real.

More info: tylervigen.com/spurious-research

landscape, heralding a noteworthy impact
on Boeing's stock performance.

heights, just like a Boeing aircraft on a
Wednesday.

DISCUSSION

Figure 1. Scatterplot of the variables by year

The
remarkable
strengthof
thisrelationship is further elucidated in Fig.
1, a scatterplot that visually depicts the
positivecorrelation
betweenthe
popularity of the "its wednesday mydudes" meme and the stock price of
Boeing. As one examines the figure, it
becomes abundantly clear that thememe's influence on Boeing's stock priceis not to be underestimated. One could
almost envision the meme as a co-pilot
guiding Boeing's stock price through thefluctuations of market sentiment.
In summary, the findings of this study
offer compelling evidence of the unlikely
yet conspicuous link between thepervasive "its wednesday my dudes"
meme and the stock price of Boeing. We
must reckon with the fact that in thelandscape of financial analysis, even themost unexpected, whimsical forces mayexert an intriguing influence. As we
unpack the implications of this research,
we cannot help but appreciate thewhimsical journey that led us to thiscaptivatingintersectionofinternetculture and stock market dynamics. Whilesome may dismiss the significance of a
midweek meme, our study emphasizes
that in the realm of finance, even themost unlikely factors can have a tangible
impact—proving that sometimes, the most
unexpected entities can soar to new

The findings of our study have illuminateda compelling association between theubiquitous "its wednesday my dudes"
meme and the stock price of Boeing. Ourinvestigation ventured into uncharted
territory, bringing together the whimsicalworld of internet culture and the stalwart
realm of stock market analytics. Delving
into the fallout of internet phenomena on
finance may seem quirky, but as our
results underscore, there's more to "humpday" memes than meets the eye.
Connecting back to the literature review,
we cannot overlook the influence of
narrative
fictions
like"MarketManipulation: A Tale of Meme Magic" by
E. Bullish and "The Meme Stock
Mysteries: An Unconventional Approach
to Market Analysis" by P. Stonks. Whilehailing from the world of fiction, thesewhimsical tales inadvertently echoed the
intriguing correlation that our study
unveiled, hinting at an interplay between
internet culture and market dynamics
that defies conventional expectations.
Who would have thought that the antics
of meme culture could hold the potential
to sway the paths of stocks like a hidden
breeze?
Furthermore, our results align with thegroundbreaking work of Jones (2019),
who
advocatedforabroaderconsideration of unconventional sourcesof inspiration in market psychology. In asimilarspirit,our
study
imploresresearchers and financiers alike toembrace the unexpected and delve into
the unexplored territories of internet
subculture, where memes are not merely
fleeting jokes but potential gamechangers in the financial sphere.
The statistical robustness of our findings,
reflected in a correlation coefficient of
0.8766358 and a p-value less than 0.01,
fortifies the reality of this unexpected

This paper is AI-generated, but the correlation and p-value are real.

More info: tylervigen.com/spurious-researchrelationship. This correlation mirrors thequirky yet considerable impact of
midweek memes on a major corporation's
stock performance. While it may seem
improbable, our study echoes thesentiment that in the ever-evolving
landscape of finance, even the most
unconventional factors bear weighty
significance.
In unraveling the connection between the"its wednesday my dudes" meme and
Boeing's stock price, we have not merely
identified a statistical relationship; wehave stumbled upon a subtle yetresonating illustration of the influence ofinternet culture on market behaviors. As
ourresults
indicate,thememe'sresonance reverberated through digital
spheres, imparting a tangible effect on
Boeing's stock performance, reminding usthat significant market movements can, attimes, be set in motion by the most
unassuming catalysts. This dalliance
between internet whimsy and stock
market vitality underscores the curious
duality of finance—the interplay of serious
numbers and the unexpected, reminding
us that even in the weighty cosmos ofstocks, a touch of levity can prove to be
more than just a passing amusement.
Although our investigation may elicit achuckle or two, it stands testament to theoft-forgotten truth that within the enigma
of financial markets, the most whimsicalfactors may hold the power to incite
substantial
ripples.
And
so,
our
exploration of the captivating liaison
between a midweek meme and Boeing's
stock price serves as a quirky but
thought-provoking nod to the multifaceted
nature of market dynamics—a reminderthat even amid graphs and statistics, theunexpected may just be the stock-in-tradeof finance.

CONCLUSION
In conclusion, our research has unveiled atruly remarkable correlation between the"its wednesday my dudes" meme and
Boeing's stock price. The robust positive

relationship we uncovered is a testament
to the whimsical influence of internet
culture on the world of finance. It's as if
the meme and the stock price performeda harmonious midweek duet, with
Boeing's stock price eschewing its usual
aloofness to participate in the spirited
chorus of "it's wednesday my dudes."As we think about the implications of ourfindings, one can't help but marvel at theunanticipated ways in which internet
memes seep into the intricate fabric offinancial markets. It's like stumbling upona wacky sidekick in a serious drama.
While we're used to attributing stock
market movements to complex economic
forces, our study reminds us thatsometimes, a simple "it's wednesday mydudes" can stir up more excitement thana market report.
Furthermore, the statistical significanceof this relationship prompts us to consider
the meme as a potential leading indicatorfor market behavior on Wednesdays. It's
almost as if financial analysts will have toadd "checking meme trends" to theirmidweek routines. Who knew that in thegilded corridors of Wall Street, the call ofa frog would ring so resoundingly?
In light of these findings, it may be
tempting
todismiss
thisunusualconnectionasmere
happenstance.
However, we must resist the urge tooverlook the impact of internet memes onmarket dynamics. Our study underscores
theimportanceofembracingtheunpredictable nature of internet culture,even in the most serious of financial
contexts.
In serving both as a lighthearted
reminderandathought-provoking
paradigm shift, our research emphasizes
the need to consider unconventional
factors
inunderstanding
marketmovements. The unexpected influence ofa midweek meme on a heavyweight
corporation's stock price elucidates theidiosyncratic nature of market behavior.
Ultimately, our findings highlight theenchanting unpredictability of the market

This paper is AI-generated, but the correlation and p-value are real.

More info: tylervigen.com/spurious-researchand the surprising forces at play inshaping financial trajectories. Our study
brings a breath of fresh air into thesometimes-stifling discourse of stock
market analysis, urging investors to keep
an eye on the offbeat and the unexpected.
In conclusion, our investigation makes it
clear that further research in this area is
unnecessary. After all, who would havethought we needed to examine the stock
market influence of a midweek meme in
the first place? It's as if the researchquestion itself were a punchline in the
comedy of academia.

This paper is AI-generated, but the correlation and p-value are real.

More info: tylervigen.com/spurious-research