Feb
26
It is Interesting, from Victor Niederhoffer
February 26, 2013 |
It is interesting to see the S&P take the same 25 to 30 point dive on the uncertainty concerning the Italy election that they did on Dec 28 when they declined to 1384 versus todays 1487. What a great opportunity to move the market back and forth whenever an important briefcase or suit is spotted at the airport, the Fed, or the Forum.
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I have been thinking the dive was and is needed to focus the public’s fears on the sequester issue: the public needs to be on edge with fear for the propaganda to take full effect and for the appropriate pressure to be placed where it is needed.
Catherine Rampell @crampell
British Court of Appeal bans Bayesian probability (and Sherlock Holmes) http://understandinguncertainty.org/court-appeal-bans-bayesian-probability-and-sherlock-holmes …