Thread: Exnavyew's Account Talk

Originally Posted by exnavyew

FWIW:

How Pro Golf Explains the Stock Market Panic
https://finance.yahoo.com/news/pro-g...164149432.html

Great article...and no wonder I gave up golfing long ago.

Originally Posted by exnavyew

Wonder how much of the 'green' will be left at close?
If recent pattern holds there will be a 'trader profit taking' selloff in the afternoon.
If not, if we close near the trading high for the day...that would be interesting.

Closed at highs of the day, or very close... Wondering if u could expand on how that's interesting...

Originally Posted by Tsunami

Great article...and no wonder I gave up golfing long ago.

Thanks. I'm a victim of the same thing (being risk averse and bailing out too early) and as a result I lost out on a lot of upside in 2015. Currently in the red for 2016 but sticking it out much longer this time. Either the economy is good or it ain't and if it's fundamentally sound (which I think it is IMHO) then sooner or later the stock market will reflect that....I hope.

Originally Posted by exnavyew

FWIW:

How Pro Golf Explains the Stock Market Panic
https://finance.yahoo.com/news/pro-g...164149432.html

that is a very good article, many nuggets of wisdom buried in there, good find. i try to make my money in that margin between raw fear and when the powers that be spot the anomaly and kill it. ha, i like this stock market stuff, it is fun.

A loss from the status quo is very painful, and so people will do a lot to avoid it. A gain is good, but it isn’t nearly as good as a loss is bad. Like the rest of us, professional golfers are affected by what John Maynard Keynes called “animal spirits”: the feelings of the primitive creatures who lie within us.

The smart money is aware of everything I have said here, and if the fundamentals really are strong, savvy investors start buying. They aren’t loss averse, they don’t neglect probability, and they spot opportunities when they see them. If there are enough of them, they can stop and eventually reverse dramatic movements driven by animal spirits.

Thanks for the kudos!

"Most people prefer to believe their leaders are just and fair even in the face of evidence to the contrary, because once a citizen acknowledges that the government under which they live is lying and corrupt, the citizen has to choose what he or she will do about it. To take action in the face of a corrupt government entails risks of harm to life and loved ones. To choose to do nothing is to surrender one's self-image of standing for principles. Most people do not have the courage to face that choice.

Hence, most propaganda is not designed to fool the critical thinker but only to give moral cowards an excuse not to think at all."

- Michael Rivero

(An oldie but a goodie....)

BOYLE'S LAW:

A thermodynamics professor had written a take home exam for his graduate students. It had one question:

"Is Hell exothermic (gives off heat) or endothermic (absorbs heat)?
Support your answer with a proof."

Most of the students wrote proofs of their beliefs using Boyle's Law (gas cools off when it expands and heats up when it is compressed) or some variant. One student, however, wrote the following:
First, we need to know how the mass of Hell is changing in time. So, we need to know the rate that souls are moving into Hell and the rate they are leaving. I think that we can safely assume that once a soul gets to Hell, it will not leave. Therefore, no souls are leaving. As for how many souls are entering Hell, let's look at the different religions that exist in the world today. Some of these religions state that if you are not a member of their religion, you will go to Hell. Since there are more than one of these religions and since people do not belong to more than one religion, we can project that all people and all souls go to Hell.
With birth and death rates as they are, we can expect the number of souls in Hell to increase exponentially. Now, we look at the rate of change of the volume in Hell because Boyle's Law states that in order for the temperature and pressure in Hell to stay the same, the volume of Hell has to expand as souls are added. This gives two possibilities.
#1 If Hell is expanding at a slower rate than the rate at which souls enter Hell, then the temperature and pressure in Hell will increase until all Hell breaks loose.
#2 Of course, if Hell is expanding at a rate faster than the increase of souls in Hell, then the temperature and pressure will drop until Hell freezes over.

So which is it?


If we accept the postulate given to me by Teresa during my freshman year that “it will be a cold day in Hell before I sleep with you,” and take into account the fact that I slept with her last night, then number 2 must be true, and thus I am sure that Hell is exothermic and has already frozen over.
The corollary of this theory is that since Hell has frozen over, it follows that it is not accepting any more souls and is, therefore, extinct…leaving only Heaven, thereby proving the existence of a divine being, which explains why, last night, Teresa kept shouting “Oh my God.”


THIS STUDENT RECEIVED THE ONLY “A”

First reactions on the passing of Justice Scalia (UPDATED) : SCOTUSblog

Pre-markets are thru the roof and of course the market is closed Monday. Argh!

The Screwtape Letters by C. S. Lewis delightfully narrated by John Cleese.
Enjoy.

https://www.youtube.com/watch?v=SBxp...BAC9375345E6C7

Despair and Disgust, Not Fear, Mark a Bear Market's Bottom
Despair and Disgust, Not Fear, Mark a Bear Market's Bottom