Monday, February 16, 2009

Another example will be made soon

If you believed Mr Nassim Nicholas Taleb's Black Swan Theory, then in late summer 2008, you were thinking I was an insane person when I repeatedly said 10s of thousands that the market would crash in early October, in fact, 4-sigma portion of it 2 hours before it took place on October 9, 2008.

For centuries, humans tend to call unexplainable events unpredictable, illogical or chaotic because it is the human psychology that forces man to cheat. Less uncertainty gives man more confidence and inner peace, sometimes at the expense of truth.

I think the market will make another example out of it in near future. Whether you call it Black Swan or not, it is once again all over the charts !








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