Thanks Zeev : You would be interested that, in about 1980, I developed a multivariate analysis program to make pulmonary diagnoses from various lung function tests. Was quite accurate, too. I standardized it and "trained" it using data from one lab. Used volumes and flows, blood gases, O2 uptake and could diagnose emphysema, cancer, pneumoconiosis etc. I am surprised to hear that that kind of thing can be patented.
Apropos the US market, I don't have the view of Ms Abby Cohen that the US is apart from the world and will react only/mainly to economic influences at home which, in her mind, are still very positive. In my opinion, the world is now entering a most difficult economic, political and social period and I would not be surprised to see a war of some type breaking out somewhere. Accordingly, even if the market holds at +/- 7000 for a while, I see the downside as looming far more likely than the up. In any event, because the long uptrends are now broken, immediate returns will be of far greater importance in evaluating investment merit than trend-riding or future expectations. As the equity market adjusts downward this must effect the bond market, too. I think the days where Greenspan's micro-tuning of interest rates had profound effects are over.
In case you haven't been looking recently, have a squizz at decisionpoint.com. The picture of the different markets throughout the world is so much like the 1929 Dow that it's frightening. In fact, as I mentioned once before, the Nikkei Dow looks better than the others. |
