Meanies.

Harvard has recently undergone some pretty crappy media coverage. Today, the Wall Street Journal has also decided to jump on the media hatefest, proposing a “Harvard M.B.A indicator,” in which fewer Harvard M.B.A.s entering the financial industry is better for the market

“[Ray Soifer] calls it a “rather esoteric but nonetheless generally accurate” long-term indicator of the direction of stocks. According to the index, when Harvard graduates pile into Wall Street jobs, the market is probably overheated and could be heading for a tumble.”

So let’s recap: Fewer Harvard grads on Wall Street = better economy. FML