Chatting with the #occupiers of Dame Street has been interesting, if not very revealing. What seems to be happening is that they: know that something is wrong and, know that they are not happy. What then seems to happen is that the #occupiers then interpolate these two facts and...
“Prediction is difficult, particularly about the future” :- Neils Bohr The markets are not predictable, they never have been, and they probably never will be. The most accurate predictor of today’s prices are yesterday’s prices, a concept know as “the random walk”. Prices today are approximately the same prices as...