Aug
17
The Yankees, the fallacies, and Ben Franklin’s advice
August 17, 2022 |
the Yankees fortunes losing 9 of last 10 are similar to the bear stock market people gartman and el erian. Aaron Boone's decisions are like those of the ray ban bicyclist - yet they are both in first with senate odds now almost 60% in favor of D's.
what is the best explanation for the 100% correlatioon betweeen the yankees losses since the all-star game 11 of 15 and the steady gains of the dark bicyclist in the pres odd (now up to 13.2% of becoming 47)? the degree of advocacy for social justice is paramount and at a maximum for Hicks and the GM.
Benjamin Franklin was a most admirable and accomplished man and his advice on all matters is well worth taking. His thoughts on markets rested primarily on the power of compound interest and frugality and industry leading to wealth and success.
Here is some advice he gave on exercise: there is better exercise in walking one mile up and down stairs than five on a level floor. He recommended a cold bath naked in cold air each morning and silence as a virtue that should be practice by all the young. He practiced all virtues each day and in a Galtonian way, made check marks on his favorite 15 each day to count how he was doing and develop the habit.
fallacies about S&P most harmful: (1) when an announcement in the past has been predominantly bearish but the markets since the last announcement have been bullish, go with the markets. they are at least 2 months ahead of the announcements.
(2) The alphabet agencies are peopled by fair-minded employees who will go beyond their 95% political bias to be fair. (3) a rise in the prospects of the ray ban bicyclist party is bearish. (4) a big decline in bonds overnite is bearish for S&P. (5) a decline in crude is bearish for S&P. (6) an overreach by law enforcement is bearish for S&P.
(7) the professional sports leagues are all in what they espouse. (8) a 50-day high in S&P is bearish. (8) El erian and the congo dancer can be followed with profit.
(9) a bear market in S&P or NASDAQ is bearish for the future (10) you can make money in markets by going for a 1/2% swing. (12) the public get a much better deal because of HFT.
(13) the degree of followership and notice on social media is related to the intrinsic interest in its content.
(14) the minutes of Fed meetings are bearish for S&P when there has been a big rise recently.
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