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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (17435)9/11/2000 9:35:41 PM
From: patron_anejo_por_favor  Read Replies (2) of 436258
 
That's an excellent demonstration of the market bubble, with the cost expressed in real money terms(ie, Oil). Beautiful.
It also demonstrates that the long energy, short equity hedge should be very profitable here, if "reversion to the mean" still applies (but as the WSJ article shows, overreliance on mathematical models in a system as nonlinear as the stock market is fraught with peril).
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