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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (53453)2/12/2006 5:14:22 PM
From: ild  Read Replies (1) of 110194
 
The Information is in the Divergences
When information can't be observed directly, you have to infer it from things that can be observed. Statistically, new information is contained in the “forecast error” between what you actually observe, and what you would have expected given the previous data.
By John P. Hussman, Ph.D.
hussmanfunds.com
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