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Originally posted by marg6043
So now I got it, the big news that something was going to happen by the end of the week was the big boost on Gold, thanks to China
So I guess this was good for somebody.
Originally posted by DangerDeath
reply to post by fromunclexcommunicate
It is cyclical so if you plot a circle with time stretched along the abscissa it becomes a wave function. Some of these price waves tend to travel either in phase or out of phase with each other. Oil had been moving in phase with stock markets till recently.
This is interesting. When you translate cyclical movement into linear, you get sinusoid. Now, the question is how much data you pack into one interval and also which time measure you take for an interval. Normally, it should be one day, and one hour, but what if those who manipulate markets use a different, non-natural measure. Maybe you guys should check this out, because all analysis and prediction may depend on it.
The time measure GS uses?
We couldn't ever figure out how to predict when it would go bad. We used to laugh about how somebody could make money by doing exactly the opposite of what we were doing.
Truth being though you can make great money if you have an algorithm that is better suited TOWARDS TRENDS than choppy markets..
Most major U.S. airlines reported another month of declining traffic in August as rising unemployment hurt leisure demand and corporate cost cuts continued to hamper business travel.
Seven of the nine largest U.S. carriers reported a drop in traffic in August, except Southwest Airlines and JetBlue Airways Corp.
Iceland's economy shrank by 2.0 percent in the second quarter of 2009 compared to 6.5 percent for the same period the previous year, official data published on Friday showed.
"In real terms, seasonally adjusted GDP in the 2nd quarter of 2009 decreased by 2.0 percent from the previous quarter," Statistics Iceland said in a statement.
Executives from bailed out banks were brought into the halls of Congress and admonished by politicians from both sides – Senator Chuck Grassley infamously told executives at AIG that they might be better off dead.
While few agree with the intensity of the Senator’s comments, most Americans were simply put off by what they saw as a market gone wrong. Individuals garnered millions of dollars in personal wealth, corporations grossed billions of dollars in revenue, and after the gains were destroyed during the collapse of share prices those at the top held on to everything.
Workers were laid-off, corporations were bailed out, and executives got off without a hitch.
Steven Pearlstein of The Washington Post highlighted a handful of these executives in his column on September 2. He points out that Jay Levine, one of the bankers responsible for running RBS Greenwich into the ground, is back in business selling securitized mortgages for more than they are worth. He highlights that Levine was able to make tens of millions in personal wealth and keep it all after the financial economy crashed.
“Like golfers who treat themselves to a second drive after hooking the first one deep into the woods, these guys play on without apology or penalty. The maddening thing is that they're getting away with it and nobody seems to care.”