Many "Bears" are among the "Smartest" among us. Their education, analytical skills and research are top notch. They bring to light things we did not see, fundamentally. In fact, they are correct most of the time regarding the issues that will be our downfall--- eventually, after a while. Problem is they are a tiny, tiny minority in relation to the "Hidden Hand" of the masses, that are naturally more optimistic. The Bears will be right eventually, but the opportunity cost is high waiting for the masses to flip. Wasted money on untimely unnecessary hedging. Missed returns due to not being allocated correctly. It will not be a straight line, could be quite volatile as we continue to climb the "Wall of Worry".
Worlds first successful application of Complexity Theory to A Market. 2005 Paper: "Stock Market Endogenous Dynamic, 'Noise' and Crash Precursors". Unpublished to Protect IP. Its purpose was to apply SOC/Complexity theory in real time and see if it was possible to identify Crash Precursors to Six Sigma Volatility Events in the S&P 500. Successfully identified Crash Precursors prior to 2008 and 2020 Crashes, . PLEASE READ FIRST ENTRY 8/22/2005 FOR CONTEXT. NOT ADVICE.
Monday, May 22, 2017
Stumble into September, dragging Uber Smart Bears along longer
For context read first entry: "STOCK MARKET ENDOGENOUS DYNAMIC" 8/22/05 @ WWW.ALPHAADDER.BLOGSPOT.COM
Disclaimer: Comments are opinion; specific to systemic risk management, and are not investment advice.
Monday, August 24, 2015
One last time. Thank You to Dr. Robert Engle's Volatility Institute
First, Thank you to Dr. Robert Engle's Volatility Institute at Stern Business School NYU and its supporters, for allowing me this venue, and the ability to interact with my academic friends during meetings I attended there and at the NY Fed. Wonderful experiences and people. Keep up the great work.
S and P 500 sideways to up from here, approaching recent highs.
For context read first entry: "STOCK MARKET ENDOGENOUS DYNAMIC" 8/22/05 @ WWW.ALPHAADDER.BLOGSPOT.COM
Disclaimer: Comments are opinion; specific to systemic risk management, and are not investment advice.
Saturday, June 29, 2013
Look what showed up in the Bradbury Museum in Los Alamos. I honor my late father A.J. Klapetzky
If you would, please kindly allow me this one time, to deviate from the market. This is BEAR, as it was leaving Los Alamos National Laboratory on its way to White Sands Missile Range. It is now I understand at the Bradbury Museum back home in Los Alamos. It was shot into space, tested and recovered. A "Star Wars" Strategic Defense Initiative project from Los Alamos National Laboratory. At its core is a particle beam device that I watched my father tinker with in his Lab at LAMPF, and eventually get to work- to everyone's surprise. He was deservedly proud of this accomplishment, and I of him. Never thought I'd be able to talk about it. Strange coincidence that I found this out the same day I found out that Voyager 1 is about to leave our Solar System. Data from Voyager was what I was looking at as an 17 year old intern in the Astrophysics division at LANL at the same time (1984). A cosmic yin yang it seems. 73-s Dad.
For context read first entry: "STOCK MARKET ENDOGENOUS DYNAMIC" 8/22/05 @ WWW.ALPHAADDER.BLOGSPOT.COM
Disclaimer: Comments are opinion; specific to systemic risk management, and are not investment advice.
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