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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (113964)10/27/2015 3:21:20 AM
From: Elroy Jetson  Read Replies (1) of 217630
 
Jay - It's the same problem with algorithm driven computer trading making up most of the trading volume now.

I used to be able to feel the level of fear and greed during trading surges. The last time I felt those collective crowd emotions was when the Dow fell to 6,850 or so in 2008, and before that prior to April 2001.

Since that time I haven't felt that crowd emotion in trading, I can only assume because most of those trading are not humans.

In the 1990s I had a three disk RAID 5 array, and using eSignal I'd get an aural indication of the market activity from the drive heads in the disks.

Large numbers of people are predictable, smaller numbers of people such as political and economic decision makers are less so - it's simply statistics.

The only thing I can predict with small groups of decision makers is it's a losing bet to count on a catastrophe which would damage the general welfare of society.

There's just way too many potential mechanisms to prevent that from happening, even when conditions have been put in place which should create a catastrophe, such as the build-up of debt-to-income after 1996. We're in an economic depression currently, but having chosen different policy choices than the 1930s makes this economic depression look completely different.
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