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Yeah, patterns like this are much easier to find than you'd think and don't have any predictive value. Yes, the market could take a dive (or shoot upwards) any
by drcode 13y ago
Yeah, patterns like this are much easier to find than you'd think and don't have any predictive value.
Yes, the market could take a dive (or shoot upwards) any time, but not because of the pattern in this chart.
- officialjunk 13y agoi HATE "news" like this. we know it's not correlated, but it's scary how the media can essentially manipulate the market. hope this doesn't get covered by more popular news outlets.
- dllthomas 13y agoIt would be because of the pattern in this chart IFF it spooked enough people. Unlikely. It could be because of the same things as caused it in 1929 - the pattern in the chart is (extremely weak) evidence of similarities, and so we probably should up our estimates of that likelihood by some epsilon - but (without rigorous analysis) the appropriate epsilon is probably small enough that it's below the precision available to human reasoning. Ignore it or investigate further, don't do anything based on this.