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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (65638)	6/29/2005 1:02:27 AM
From: shades	Read Replies (2) \| Respond to of 74559

dcmltd.com I think this is the right trader mike - he found taking rich people who worked and charging them fees for looking at thier money was more profitable than trading no? And I can't find anywhere on this site that posts thier returns - for shame. wallstreetwindow.com He recommends some of the old trading classics - but where is fama french recent academic research papers or maybe anything about indexing to give a little insight to "know thy enemy" Now one of the books he recommends is old Niederhoffer: dailyspeculations.com Now this Niederhoffer is someone I can like - he shows the bullshit FED MODEL that mr. greenspan uses to make the magic money flows - but then he says something silly like this: "The adjusted R-Squared of 0.14 is quite high for a predictive regression in the financial markets" - WTF? Niederhoffer seems to be spewing more crap and I don't understand why - he does not need to give the rosy colored glasses to the fed model!!! inv.com the study found that the (fed) model has an adjusted R-Squared of only .014 and no statistical significance in the independent variables. Compare this with the alternative low P/E model, where the adjusted R-Squared is .296; and the independent P/E variable is statistically significant. All my magic qaunt friends who do this stuff for love of science and not money tell me .014 r-squared is not significant - yet our FED uses this BULLSHIT to run our nation - all I ask energyplay is WHY? Because as the Big Lebowski said - its the way its always been done DUDE: jeffbridges.com