Originally posted by doodab
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Daily Doom
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Insanity: repeating the same actions, but expecting different results.
threadeds website, and here's my blog. -
Keep cash, invest in prime London property.
Sorted.
Bring on the depression - labour will be cheap, assets cheaper - ideal time to transform from being seriously prosperous to filthy rich.Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostBring on the depression - labour will be cheapWhile you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by threaded View PostNot quite, I think what he's saying is it's more like you've got this pack of cards, and 26 red ones have been pulled so far, so even if the pack is loaded, then then it's a fairly certain bet there'll be lots of blacks coming up in the future.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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Originally posted by threaded View PostYes, and how would that prevent values dropping lower?Comment
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Looks like people/investors have been piling out of gold in the last week, so where's the money going (apart from down the pan) if not shares? Maybe they are buying Pounds.Comment
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Originally posted by TimberWolf View PostLooks like people/investors have been piling out of gold in the last week, so where's the money going (apart from down the pan) if not shares? Maybe they are buying Pounds.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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It suprises me that anyone with the educationa to be expected of IT professionals gives credence to this pseudo-scientific claptrap. It's also a bit disturbing that a paper like the NY Times gives it the oxygen of publicity.
What this man is saying is speculative tosh, derived from selective interpretation of data from the past, incorrect application of fractal mathematics and a habit of counting the hits and ignoring the misses. Apparently, "Mr. Prechter wrote “Elliott Wave Principle,” a 1978 book that predicted the emergence of a great bull market — a forecast that was largely fulfilled. By 1987, he was widely regarded as an expert in technical analysis." So there he was in 1978, saying there would be a big bull market. Either there would not be, in which case, so what, the book was sold, or there would, in which case he'd be seen by eejits as a 'guru'. He had a 50% chance of being right. Getting things right once with a 50% chance doesn't make you an expert and doesn't demonstrate that your theory works. It obviously sells books though.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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Originally posted by Mich the Tester View PostLooks like a Monte Carlo fallacy to me. He's saying, basically, that the next five cards will be red because there´s been a long line of red ones.
But cards are a bit different, because for each card you pull out - you remove that card from the deck, so the odds do alter. That's why card counting works...Comment
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Originally posted by centurian View PostMonte Carlo falacy is correct when described in terms of roulette - as the roulette wheel has no "memory" of what happened before.
But cards are a bit different, because for each card you pull out - you remove that card from the deck, so the odds do alter. That's why card counting works...And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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