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The Charts That Matter - Everything's Relative
"It's all relative," as Einstein likely said once, and the following 18 charts from Investir.ch's Loic Schmid highlight a few clear divergences - Overweight cash as "the end is near" for US equities, buy dips on weakness in EU debt and gold, position for increasing vol...
Bonds...
World Stocks...
Sector Bets...
Individual Stocks...
Buy Vol...
Monetary Policy...
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"It's all relative"
So, EINSTEIN & the HATFIELDS & McCoys have something in common after all?
It's more useful to compare precious metals to bonds than cash because it is more likely that gold and silver will replace bonds as the prefered safe asset rather than the medium of exchange.
Saw a pub in toronto with the name Ein Stein. Thought it was pretty cool name...
what i have surmised about (ridiculously nirpled) german bund prices (and this may be totally wrong) is that certain entities have decided that they simply must hold their funds in euro denominated assets and germany seems the safest place. the "problem" is that there aren't enough "safe" german bunds to go around, and now with the ecb planning to buy even moar omg it is reaching ludicrous fast. the funny part is that they (the entities) would have made a killing on the recent exchange rate move if they had held clownbux instead. the maggot answer of course would be for germany to deficit spend MOAR AND MOAR to increase the supply of bunds.
God I missed the chart porn!
Thanks Tyler :-)
"dead cat bounce" is the technical term, i believe
"It's all relative" is an absolute statement and therefore fully contradictory with its content. But already that was too difficult to understand for the ignorant Einstein person. Sure, the guy had great technical intelligence. However, in terms of reality and actual scientific understanding he was simply a retard. Hare Krishna.
sooo...
everything is relitively awesome? :-D
Your statement about the contradiction is correct, but Einstein never said "all is Relative".
His theory was named by himself the "theory of invariance"" (so called Special Relativity):
ALL THE LAWS OF PHYSICS ARE THE SAME IN ALL INERTIAL REFERENCE SYSTEMS (postulate, theory)
SO IF the Maxwell Eqs. are true (hypothesis)
THEN the speed of light is nonetheless invariant, the same for all observers (consequence).
That implies that measurements of various quantities are relative to the velocities of observers (the "relativity" many people are "confused" about). That relationship is OBJECTIVE and never changes (that is what the theory states). I agree with you that when Einstein made some statements about SUBJECTIVE issues (such as politics and economics) he didn't showed the same great intelligence.
(short reading)
http://www.asa3.org/ASA/education/views/invariance.htm
As this shows....there's always a bull market and a bear market somewhere even if it's in ratio trades.
I knew it! Everything is relative to relatively everything.