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The Chart That All "Above Average Intelligence Traders" Ignored Today
“Ebola seems like a lame excuse, frankly, but it’s a widespread one. Assuming that everyone in the market has above-average intelligence we don’t think they’ll trade Ebola headlines any more than they traded Greece election headlines a while back,” CRT strategist David Ader writes.
3 Things to consider...
1) This Chart...
2) It's not about being smart
"It is not a case of choosing those [faces] that, to the best of one's judgment, are really the prettiest, nor even those that average opinion genuinely thinks the prettiest. We have reached the third degree where we devote our intelligences to anticipating what average opinion expects the average opinion to be."
(Keynes, General Theory of Employment Interest and Money, 1936).
and
3) How do you measure the IQ of a vacuum tube?
* * *
Of course this all makes perfect sense until we get the next Ebola headline...
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My opinion of the average opinion is that the average opinion is wrong these days. But that's just my opinion, and we all know what that's worth. We now have proof in the form of some nice graphs of just how stupid the average trader is. Or are those algos just programmed by stupid people? Same diff.
Photo image analogy of BernYellen Broken Markets:
http://www.thetruthaboutcars.com/wp-content/uploads/2014/10/PelosiEmanue...
Ebola stories and voltility overlay is 100% proof that algos rule the roost...
"above-average intelligence we don’t think they’ll trade Ebola headlines"
Trading ebola headlines could also mean shorting everything. And probably this is what above-average-intelligence traders do anyway.
On average, you are right.
my co-worker's sister makes $72 /hr on the computer . She has been unemployed for eight months but last month her check was $12806 just working on the computer for a few hours. check this... www.yelptrade.com
For the love of God, cam someone ban this spamming fuck? Maybe infect his computer with a virus that will cause him to bleed from every orifice? Please?
market will not go down till FOMC meeting next week ... end of story
lol. you called this shit show a market. now thats funny right thar.
Traders don't care. It's all about making more money.
S&P is up now.
Why on earth would anyone have any fear trading this market? Who gives a shit what some headline reads?
The market can't crash, Jack Yellen and crew just hit a few keys and Bam! It's all good again. A trillion here a trillion there, who would ever know.
There is no fucking market, not by any normal standard of messure. It's all made up.
The hot chick's pussy from the Russian dating ad is right next to the volatility chart.
it doesn't take a rocket surgeon to drive up stock prices on no volume
+1
Or a brain scientist.
or a dr. from doctors sans borders..
ROFLMAO!!!!!!
The Hysterical Focus bites Smart Asses
https://www.academia.edu/8942403/The_Hysterical_Focus_is_your_friend_
Throw some Ebola names out there...CNBC has been doing that for a week now you morons.
Phuck Putin too...stupid phuck. That useless Musocovy phucktard might want to consult with the Mayor before this thing goes global.
Only a couple of minutes left to buy the high's of the day. They're going fast. Get em while you can!!!
Yippee-ooo-kiiii-yaaaay, we'rr off to the rodeo!
Or the cliff.
Yippee-ooo-kiiii-yaaaay, we'rr off to the rodeo!
Or the cliff.
Why is it considered stupid to sell on ebola news? Ebola presents a very serious threat to retail and dining. If people choose to stay home, even if it's completely irrational, that will drive sales down. In my opinion, selling is a logical thing to do when consumer confidence is being shaken.
And don't forget to short airlines and bus companies.
It will only take a few more well timed ebola cases to completely fuck up holiday shopping and travel.
And no - online sales won't replace in store and impulse buying.
But - I bet we'll see oil prices go up by December....
so we have that going for us...
How's Glaxo looking? ;op
Who needs a hug now?
What % of volume these last 2 weeks were HFT? I bet 80%
What would those guys do without the corporate buybacks?
Look like an algo, walk like an algo.
so the .gov is "disappearing" ebola patients. where's the headline when the patient is gone, the event never happened. i just heard about the ebola case in kansas city. anyone else hear that one? doctor's are being told they will be terminated if they use the word ebola, being harrassed by their giant corporate ebola-obamacare overlords.
dr. boyle says he has the cdc doing bioweapons research in west africa since the 80's. the army and the .gov knew there was a huge propability of extremist infiltration at the west african bioweapons research facilities. and the west african nations are saying that the outbreak coincided with Tulane universities vaccinations of the populations???!!!???
whether it was intentionally or accidently released is in the past now. obama just passed an executive order to cover the whole thing up.
the really scary thing is that they are using zmapp patient blood on new victims. this tells me that .gov doesn't have anymore anti-body.
and if the Tulane vaccine is what created the whole ebola outbreak in the first place, why would americans want to take those vaccines.
sheeple to the slaughter
Observation, then another sample, and the third developes defined trend. SPC
phi = [A(n+1)] / [A(n)]
I don't get it, until ebola is proving to be out of control - it's not an issue. It's media hype and the only people who seem to buy into this media hype are ZH commenters. Is there anyone else here thinking it's really all hype at this point in time? It can get disaterous, but imo it's a bit irrational to assume ebola is going to be out of control here. We simply don't know the answer, so until that Q is answered (will it be a pandemic for sure? Yes/No) market will keep following the trend.
Average opinion, ha ha ha. When was the average American last in the stock market, 1999?
Today 70% of the trading is by computer algorythms and the other 30% is mostly prop desks at big banks and hedge funds. The "average" investor might account for 1% or 2%.