Aug

25

The recent distribution is as follows:

.            8 22       8 21       8 20       8 19         8 18

.  10 +
7.5 - 10.0                                                  1
5.0 -  7.5                           5                      1
2.5 -  5.0   5            2          5          2           3
. 0 -  2.5   9           11          4         12           9

The distribution of changes has many interesting implications. But to me it highlights the aburdity of going down a googol on PPI and up a googol on Bernanke's comments that inflation numbers should be better in the future.


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1 Comment so far

  1. Matt Johnson on September 9, 2008 8:39 pm

    So sell it on the way down and buy it on the way up.

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