Re: Future of stock market
Just in case somebody missed something...
Curve-fitting stock market data stops working at the last data point. There are umpty-bazillion curves that can be "fit" to any group of data. A perfect fit to "N" data bits can be had with an "N" order equation, but projecting datum N+1 using that equation does not work. Then, of course, you can change "N". Do you want to count the Dow (for example) at the end of the day? At the end of the week? The end of the month? Every half-hour?
When I was a kid, Science magazine had an article where a table of random numbers was identified as the fertility of unicorns and was eventually correlated with the phases of the moon. I kid you not.
But some NEED to believe. I can help you-all. I have to tools to curve-fit anything you want. $100 US/hr. Faith-based investment advisor. Off-shore, too. (How do you get a million dollars in Belize? Come in with two million.) Let me take you for a ride. help you with your lamentably, non-deductable losses investments. Past performance is no indicator of the integrity of the sponsor. ( I am sorely disappointed at the limited response to my offering of swamp land in Florida.) I will happily sell you no-load funds through my unlicensed brokerage for an 8% sales charge. Won't you please let me churn your account?
Honest John Fox
(Who remembers Walt Kelly's classic? Two points if you can name the gator with the cigar. Two points if you can name the turtle.)
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."