erranta Posted November 27, 2009 Share Posted November 27, 2009 FWIW, the Emergency Broadcast System MkII HD . . . . . . .Keep On Spending . . . . . . . Next lines should be the quip or similar > . . . . "following the example set by our (un)elected Mp's and Lords!" Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted November 27, 2009 Share Posted November 27, 2009 Is that -32% Lloyds another technical glitch then? Quote Link to comment Share on other sites More sharing options...
erranta Posted November 27, 2009 Share Posted November 27, 2009 (edited) This is an important point as we all know Because in the last decade the city was overrun by mathematical whizz kids who managed to convince everyone that predicting the markets was a science - not an art. And we all now know how it ended - in tears. It was called "deregulation" The Ultimate in Capitalist Theory - the City's grEEn light and licence to "fill their pockets" damn the rest! (Set in place by the politicians under direct influence of the ex-bvvankers strategically placed in positions of influence in the Lords and Commons!) We now know they were whining that they "too big to fail" and their corrupt banking buddies ( PLACED BY THE COUNTRY IN A POSITION OF TRUST) in Parliament were bailing the banks out secretly throwing Billions of Taxpayers cash at them to stop them going under - as explained by a previous poster in a similar way. That is NOT Capitalism - is it? Edited November 27, 2009 by erranta Quote Link to comment Share on other sites More sharing options...
LuckyOne Posted November 27, 2009 Share Posted November 27, 2009 Only on HPC could you find a thread where both Warren Buffett and Michael Phelps are considered to be "just lucky". You've collectively surpassed yourselves this time. Hilarious. Who was it who said that the harder he worked, the luckier he got? Quote Link to comment Share on other sites More sharing options...
CokeSnortingTory Posted November 27, 2009 Share Posted November 27, 2009 Surely neither horse races nor stock markets are truly "random" the way that say a dice roll is? Surely the skill of the jockey, speed of the horse, management of the company, has an effect? And if it isn't random then with practice skill can be honed in the non-random areas. No they're not - that's why horses are handicapped. If you changed the handicapping so that, say, if you always bet on the favourite you would on average get a 5% annual return, then horse racing would be a good investment. Of course the handicapping is currently there to ensure that for the average punter it is not a good investment. Quote Link to comment Share on other sites More sharing options...
CokeSnortingTory Posted November 27, 2009 Share Posted November 27, 2009 Only on HPC could you find a thread where both Warren Buffett and Michael Phelps are considered to be "just lucky". You've collectively surpassed yourselves this time. Hilarious. I didn't suggest Phelps was lucky - quite the opposite. I did suggest Buffet was initially lucky, but now that he's a market maker he doesn't have to be lucky - the very fact that he invests in a company will increase its share price. Quote Link to comment Share on other sites More sharing options...
erat_forte Posted November 27, 2009 Share Posted November 27, 2009 Surely neither horse races nor stock markets are truly "random" the way that say a dice roll is? Surely the skill of the jockey, speed of the horse, management of the company, has an effect? And if it isn't random then with practice skill can be honed in the non-random areas. You forgot the opportunities to rig the game, inside knowledge, corruption and bribes etc. which rolling dice doesn't generally allow. Quote Link to comment Share on other sites More sharing options...
CokeSnortingTory Posted November 27, 2009 Share Posted November 27, 2009 You forgot the opportunities to rig the game, inside knowledge, corruption and bribes etc. which rolling dice doesn't generally allow. This is it exactly. If you're the kind of millionaire punter who knows the owners and trainers, you'll make more informed bets than Joe Bloggs. Similarly, if you're William Hill or Paddy Power, you can adjust you're odds according to the pattern of betting that the punters are putting on. It's the same principle for the movers and the shakers in the stock market. The only difference was that previously the punters got more out of the stock market as it had a tendency to rise. I suspect over the next 5 years, if the stock market goes through a long contraction phase, horse racing will be a better investment opportunity (on average you'll lose less). Quote Link to comment Share on other sites More sharing options...
Injin Posted November 27, 2009 Share Posted November 27, 2009 Only on HPC could you find a thread where both Warren Buffett and Michael Phelps are considered to be "just lucky". You've collectively surpassed yourselves this time. Hilarious. I don't think that was the contention. As it was put, they are both recipients of an enormous amount of unacknowledged good fortune. To buy the lottery tickets in their respective gambling enterprises there is an elaborate procedure, both of whom perform it admirably well. The largest factor of both their success is their environment. No stock market, no early RNG victories - no buffet. No olympic sized swimming pools, no olympics, no genetics and no televised events - no phelps. Both of them are "best fit" in an environment that's due to a million and one random decisions and events well outside anyone control. They are "best fit" in environments created almost entirely by chance. The largest elements in both of their successes are almost completely outside their control. Quote Link to comment Share on other sites More sharing options...
Justice Posted November 27, 2009 Share Posted November 27, 2009 Does the FTSE ever get suspended if it's ramping upwards? +1 It's the way the casnio tell everyone to be good boys with a free beer if they play along. Quote Link to comment Share on other sites More sharing options...
noodle doodle Posted November 27, 2009 Share Posted November 27, 2009 Is that -32% Lloyds another technical glitch then? lloyds are b*ggering about with their shares with some rights issue. So no-one's lost 32% on lloyds. At least not in the last 24 hours. If you're looking over the last 18 months, they've lost about 80-90% of their value Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted November 27, 2009 Share Posted November 27, 2009 Japan, last few decades, see that little blip after the peak? http://www.youtube.com/watch?v=DvZ0Y2rExx8&feature=sub Quote Link to comment Share on other sites More sharing options...
Confounded Posted November 27, 2009 Share Posted November 27, 2009 Yes DOW will be used to stabilise things tomorrow, it is a little too early for them to let the DOW correct, they need to squeeze as much out of the consumer as possible in the build up to Christmas. It is still possible they will allow a correction nearer to Christmas once the shopping is done and people have their minds on other things. The markets at these levels are comical but are the only thing backing up the propoganda they launched in March in the world MSM. DOW has erased all of today's futures losses and is now munching it's way through yesterdays futures loses. When ever panic is high the DOW never adds to it, this is why so many people call black days incorrectly. It is not because they are wrong it is just if a load of guys on an Internet forum can detect things are looking pretty bad it is pretty certain they are ready to combat it. It is not as if the DOW could not take a big fall atm from a technical point of view but we are in peak shopping season and the illusion is need for a bit longer. Quote Link to comment Share on other sites More sharing options...
Confounded Posted November 27, 2009 Share Posted November 27, 2009 Yes DOW will be used to stabilise things tomorrow, it is a little too early for them to let the DOW correct, they need to squeeze as much out of the consumer as possible in the build up to Christmas. It is still possible they will allow a correction nearer to Christmas once the shopping is done and people have their minds on other things. The markets at these levels are comical but are the only thing backing up the propoganda they launched in March in the world MSM. DOW has erased all of today's futures losses and is now munching it's way through yesterdays futures loses. When ever panic is high the DOW never adds to it, this is why so many people call black days incorrectly. It is not because they are wrong it is just if a load of guys on an Internet forum can detect things are looking pretty bad it is pretty certain they are ready to combat it. It is not as if the DOW could not take a big fall atm from a technical point of view but we are in peak shopping season and the illusion is need for a bit longer. Quote Link to comment Share on other sites More sharing options...
Confounded Posted November 27, 2009 Share Posted November 27, 2009 DOW has erased all of today's futures losses and is now munching it's way through yesterdays futures loses. When ever panic is high the DOW never adds to it, this is why so many people call black days incorrectly. It is not because they are wrong it is just if a load of guys on an Internet forum can detect things are looking pretty bad it is pretty certain they are ready to combat it. It is not as if the DOW could not take a big fall atm from a technical point of view but we are in peak shopping season and the illusion is need for a bit longer. Even though this is a short trading day the DOW looks like it could finish positive, those shoppers will feel reassured. Quote Link to comment Share on other sites More sharing options...
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