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OT Crude Attempt At Analysis of Stock Markets

Posted By: Tom Keith
Date: Sunday, 14 August 2011, at 12:50 p.m.

In Response To: OT Crude Attempt At Analysis of Stock Markets (Casper van der Tak)

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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