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BGonline.org Forums
OT Crude Attempt At Analysis of Stock Markets
Posted By: Tom Keith In Response To: OT Crude Attempt At Analysis of Stock Markets (Casper van der Tak)
Date: Sunday, 14 August 2011, at 12:50 p.m.
I like this John Paulos quote, from Innumeracy:
"... Commentators always have a familiar cast of characters to which they can point to explain any rally or any decline. There's always profit-taking or the federal deficit or something or other to account for a bearish turn, and improved corporate earnings or interest rates or whatever to account for a bullish one. Almost never does a commentator say that the market's activity for the day or even the week was largely a result of random fluctuations."
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