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Source: WSJ


Fun take on our uncharted territory via the WSJ

Category: Technical Analysis

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Analysts Chart Stocks’ Voyage to the Unknown”

  1. VennData says:

    Let’s just say this sort of simplistic methodology could provide you with a better return than the indices.
    Then computer models so much more sophisticated and pattern-aware than you would have already discovered them, and too such an extent that the “alpha” would be taken away long ago.

    The only reason that Wall Street firms hire these entrails readers is to get customers to buy stocks through them.

    Sheer, utter nonsense.

  2. cfd says:

    Let’s be honest. It’s not easy to be an analyst. You need to have an opinion about or explanation for every little thing that happens in the markets. While the truth is that often no one really knows why something is what it is, let alone what it is going to be in the future!

  3. Willy2 says:

    “History doesn’t repeat itself, but it rhyms”. (Attributed to Mark Twain).

    “Unchartered waters” ? Nope, in spite of all the denials to the contrary (“this time it’s different”), the main components of financial history (fear, greed, bubbles, etc.) have repeated themselves over and over again. And those who fail to learn from (financial) history are bound to repeat it. Better learn what history tells us and use it to our advantage. The timeframe 2000-2013 is surprisingly equal to 1920-1933. Yes, in one regard it’s different: today it’s 2013 and not 1933.