So I'm a bear on this market for 6 months minimum.... But that doesn't mean the market won't go higher. I hear a lot of bear talk about "Bear market"
I try to be objective...
Only because market delusions about how great things are .... sometimes unstoppable for months.
Like I say, I'm frequently wrong.
Also, one can say this pull back is because of recession, Like I said weeks ago, it's more about the PEG of the market being wrong. The market should try and adjust the curve to the current PEG... but with the bank problems, that level will be a high. What is that level? I don't fucking know!!!.... How about if I do linear regression for 3 months on the spy.... 154? absolute top of this market... I'd even say 152, 154 by xmas.
2 comments:
How about if I do linear regression for 3 months on the spy...
If you have the tools, you might consider using a regression which is more resistant to outliers and long-tailed distributions, such as L-1 regression:
L-1 Linear Regression
-Will Dwinnell
Data Mining in MATLAB
I may take some time to look into L-1 Regression, Unfortunatly I need to do some research CDO and CLO Derivatives.
but thanks for the info.
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