Wednesday, March 12, 2014

Stock Market and Economic Atrophy

How about ENTROPY?

"The Apple Investor"  Ernie Varitimos

Focusing on problems of randomness, probability and uncertainty and coming to logical conclusions through the wisdom of man...


--there's no volatility in the markets
--the U.S. DOLLAR is weakening
--there's no inflation
--people are not investing and taking risk
--OVERSOLD or OVERBOUGHT?
--the state of atrophy
--Nassim Taleb
--The Federal Reserve and their economic management 
--technical analysis has very little accuracy



The tales of TWO DAY TRADERS

[Don Harrold begins at TIME 12:55]

Remember March 2009's S&P 500 level of 666?

"..I made the call of the bottom of the the crash; I called it to the dollar: Six Sixty Six.  Five months in advance!...I would have been a hundred dollar millionaire..."
--Ernie Varitimos

[TIME 01:25:35]


"...I'm really good at reading charts and picking entries and exits and things like that.  I don't claim to have any ability to trade any better than some of the greatest traders alive or even some of the worst traders.  I mean trading involves a whole lot more than just picking a good stock.  If you want someone who can give you a really accurate weather report, I'm your guy..."
--Don Harrold, The Day Trade Show 
 
Don Harrold gives accurate weather reports?  Wonderful! :-) 



Decline of the US Dollar:



Cory C. appears on the show: