Tuesday, October 30, 2012

From Datastream:

This week’s two-pronged Chart of the Week may offer more food for debate and thought than it does clear answers. Given the number of variables that affect the U.S. economy, and the fact that today’s economy is a vastly different animal than that of the 1970s, 1980s or even 1990s (given the changes wrought by technology and globalization), the data may prove an interesting jumping off point for prognosticators interested in discussing what happens next, especially in light of the U.S. jobs market report for October, scheduled for release at the end of this week. It may end up proving to be the case, as Reuters BreakingViews suggested in this analysis, that these data points shape the election’s outcome, rather than any views of the lessons of history.

Saturday, October 27, 2012

Technical Analysis

In a recent paper, Pierre Bajgrowicz and Olivier Scaillet question the profitability of technical analysis based trading strategies. I think it's an amazing paper.