Having just done this exercise for the US market I thought I would repeat it for the All Ords. There are a few things that stand out out. 1987 was a major pullback the likes of which have not been replicated, not even by the GFC. The local market is prone to periods of pullback…
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In trading there are a few givens and most of what actually passes as investment knowledge is either myth, crap that someone has pulled out of their arse or a combination of both. However, there is one fact that is incontrovertible – markets go up and markets go down. It has been this way since…
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Technical analysis involves using historical price and volume data to predict market movements. It can be applied in markets ranging from wheat to the latest speculative craze, cryptocurrencies. One Bitcoin pundit, for example, recently discussed the appearance of an “inverse head and shoulder breakout” after the digital currency surged 10% within 24 hours, claiming that “…BTC is trading well…
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For the last five years, we lived with one of the most brilliant people on the planet. Sort of. See, we just published the biography of Dr. Claude Shannon. He’s the most important genius you’ve never heard of, a man whose intellect was on par with Albert Einstein and Isaac Newton. We spent five years with him.…
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I have been reading lately about the somewhat energetic run on the S&P 500 – it appears as if the investment world is all a twitter over the fact that the S&P 500 is making quite a few of them. As with all things history is our best guide to whether what we are seeing…
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I am so glad that this years winner was someone whose intelligence and contribution will span more than their own life. I am also pleased that it didnt go to some moron whose only contribution to society was either running, jumping, catching or kicking a ball as sports people have been over represented in this…
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Mike Hooker spends his nights maintaining trains on the Long Island Railroad. He spends his days fixing pinball machines. He’s a freelance pinball repair tech, one of the last serving the New York City area. As you might expect, people call him when their old stuff breaks; often times, they simply want to get rid…
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Apparently hearts are a flutter in the investment world because it has supposedly been sometime since the US market had any form of meaningful decline. This has even prompted many to go around saying that the end of the world is inevitable and as usual this sort of thing piqued my curiosity. So, I thought…
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