The Ultimate truth is within the content here re posted.All intent is designed to construct favorable effects to meet systems ends. Seeing the market as a System of Systems changes everything. Here is where all the data are adjudicated. Until one comes to terms with these facts, your views dont matter, your opinions, just iterated GIGO.
The Nasdaq Market Float Since 1997 The Math of the Market
Mon/Yr..Trade Days..# Compy..TotlVol...AverD Vol
Jul-97. 22.....6388... 14,659,052,996.. 666,320,591
Mar-98. 21.....6143... 17,694,084,535.. 842,575,454
Jul-99. 21.....5400... 21,249,135,986.. 1,001,863,618
Jan-00. 20.....5233.…. 33,859,912,232.. 1,692,995,612
Jul-03. 22.....3671... 38,984,813,325.. 1,772,036,969
Jan-04. 20.....3560... 46,649,555,963.. 2,332,477,798
Jul-05. 20.....3441.…. 33,681,072,462.. 1,684,053,623
Apr-06. 19.....3384... 40,846,016,058.. 2,149,790,319
Jul-07. 21.....3348... 46,780,102,818.. 2,227,623,944
Jan-08. 21.....3299... 56,616,100,438.. 2,696,004,783
Nov-08. 19.....3199... 42,460,731,579.. 2,234,775,346
Jul-09. 22.....3024... 48,456,198,558.. 2,202,554,480
Apr-10. 21.....2982... 53,597,263,077.. 2,552,250,623
May-10.........2977....57,205,068,222.. 2,860,253,411* Flash Crash 5-6 4.5bil 2943companies
Sept-10........2914....
Nov-10.........2941....42,183,589,365..2,008,742,351
Dec-10........2900....
Mar 2011....2914..40,289,690,615..ADV 2,120,510,032
May 2011 ...2881 43,314,364,851 ADV 2,062,588,802
July 11...... .2857 38,302,934,478...ADV 1,915,146,724
Oct 2011.....2842 44,691,480,4311 ADV 2,128,165,735
APR 2012....2804 34,686,739,001 ADV 1,734,336,950
Jul 2012......2790 34,834,229,792 ADV 1,658,728,847
Nov 2012 21Days 2740 companies Totl Mnth vol 36,150,040,710 avg dv 1,721,468,605
Jan 2013 21Days 2716 companies TotlMnthVol 39,589,749,754 Avg Dly Vol 1,885,226,179
Mar 2013 21 Days 2684 companies New Record low
MAY 2013 22Days 2.727 companies 39,396,427,609 totl vol Avg Dly Vol 1,791,415,451
July 2013 22Days2,737 companies 36,055,422,920 totl vol Avg Daily Vol 1,054,257,713
To this end Pensinger writes;
Look, if F. A. von Hayek's Everettian notion, the “time-shapes of total capital stock”, is correct -- and it almost certainly is from all but the most myopic of Newtonian perspectives -- then there also are the time-shapes of total supersystem-system-subsystem risk and exchange-value over total capital stock. Description of each and all of these would require a linear-time independent (and “transcendental” in the N. H. Abel sense) quantum wave equation -- and domain decomposition of the supersystem-system-subsystem composite would require topologically active quantal operator-time as fundamental enabler of the quantum potential in the relative-state of the time-shapes of total capital stock. Von Hayek time-shapes here replace the idea of multiple universes falsely attributed to Hugh Everett's paradigm-bursting notion, “relative-state”. This means there are different “phases” (e.g., in simile to solid, liquid, gas, supersolid, superconductor, et cetera) of capital, risk, and exchange-value, that these three -- like massenergy -- cannot actually be created or destroyed, only undergo phase changes or be transferred through supersystem-system-subsystem composite by topological operations of temporal curl. Derivatives (a subliminal projective-identification parody of fiber-bundle arithmetics and a regressed inversion of the domain decomposition methods in numerical analysis, i.e., calculus), for instance, not only concentrate and transfer risk from subsystem to system to supersystem, they do so by changing the phase of exchange-value from, say, “solid” to “liquid” (which change is presently viewed by economists working exclusively with passive, referential linear-time as “creation of liquidity”). But the volume and supersystemic concentration of derivative liquidity is not the only thing about derivatives bound to drown central bank initiatives at exchange-value phase change (e.g., “printing” of fiat money); there is also the base-state “holding time” factor and the velocity, acceleration, and time rate of change of acceleration of the liquidity “created” by phase-change operations (enabled by 3-fold temporal curl's topological transforms over von Hayek total capital stock on a Lukasiewiczian m-logically-valued referencing Hilbert space). Liquidity is presently looked at primarily in terms of types and volumes, the dynamical aspects being very much relatively neglected. Even in a 1T2-valued logical framework (as is our current nonsystem monetary system -- no authentic supersystem-system-subsystem composite) there are at least Cartesian vertical and horizontal boundary value problems, transfer rates, rates of such rates, and rates of rates of such rates relatively neglected, these nested rates determining various topological properties of the composite. |
