Posted 9/9/2015 13:41 (#4779713 - in reply to #4778974) Subject: RE: Fundamentals always take over
Wisconsin
jpartner - 9/8/2015 23:32
... His chart crushes the idea that the market is unpredictable. ...
It does nothing of the sort!
As far as I can tell, this is just one man's guess that happened to mostly agree with market direction for that time; I call that coincidence. Certainly many others contributed equally valid guesses that did not agree. Anyone can produce a guess about market direction, and every guess has a quantitative probability of becoming reality. The important point is consistency of prediction with a consistently positive result.