I believe Nate or one of the other stats gurus of the blogosphere debunked it last night using the 2008 American election (releasing results in six waves, alphabetically). Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
And there are th screen captures discussed here In the long run, we're all dead. John Maynard Keynes
Which is much more noisy than the cumulative totals.
It is well known you cannot apply linear regression to a time series, which is what this is, but only to the successive differences (the "lumps"). The brainless should not be in banking. — Willem Buiter
