High Churn, Big Front Load

Wednesday, March 14, 2007 | 08:05 AM

Terribly amusing:


Wednesday, March 14, 2007 | 08:05 AM | Permalink | Comments (14) | TrackBack (0)
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First, my apologies to you Mr Ritholtz. When I read your earlier post about double bottoms and subsequent market recoveries, I assumed it was an example of using statistics to prove just about anything someone wants to prove.

I was wrong.

I should have kept my ears to the ground and listened to the background. A large number of tv investment managers wanted a double bottom to the extent that it became a self fulfilling prophecy.

The previous market decline could have also been forecast by using a 'prevalence of opinion' gage. What's a good way to build one of those?

Posted by: cinefoz | Mar 14, 2007 8:22:13 AM

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