Politics and science, humor and hypocrisy. METANOODLE
Saturday, 10 September 2011
US market declines four months in a row - what are the stats historically?
h/t Zero Hedge sourcing from Goldman Sachs.
Forecasting is unreliable when the stats are a couple standard deviations off norm. This is Black Swan territory. Reversion to mean is the most likely outcome but the chance of being caught unprepared for something else is high.