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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (24594)9/2/1999 3:20:00 PM
From: James F. Hopkins  Respond to of 99985
 
LOL; Well all I want them to do is be a little more exact..<G>
a 57% probabilty is not pinning it down enough to suit me.
Now I can understand a weather man making a forcast like that as
to rain in Houston, as it may not rain on every one , but dog
gone if the FED raises rates it's not like scattered showers,
it eather rains or it dont, and tahts for every one ( I think ) <G>?
57%...why not 57.01% or 57.02% or what the hell..
What am I to do? bet one way with 57% of my money and the other
with 43%..so that I'll be 7% short..sh*t it cost more to make a
bet like that than I can gain.
Jim




To: Benkea who wrote (24594)9/2/1999 10:18:00 PM
From: theRedDog  Respond to of 99985
 
OT
>>>>>>>
If it's so serious I don't see why they couldn't get a little
closer with the percent , why a 57% probability could mean anything from 56.5% to 57.5%
<<<<<<<

No, no no.

That is not how it is done.

The guy asked eight of his friends. Seven said there was a 50-50 chance, and the eighth said he was 100% sure the Fed will tighten.

That's how he reached 57% (do the math!)

<G>

theRedDog


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