Posted on 08/17/2009 6:58:09 PM PDT by BGHater
The announcement of record profits for Barclays Capital on Monday was greeted with a bigger dose of resentment than of relief that the financial crisis has not proved absolutely terminal.
There remains a deep sense of unease about investment banks and the techniques they use to make money. In my view, this is due in part to the veil of mystery that shrouds their operations. There's a lingering suggestion that money is being generated out of thin air and that this shouldn't be possible.
It's unlikely that any hedge fund or investment bank will open their doors and say "look guys, here's how we do it". But a hint at the kind of strategies they may use has emerged from an unlikely source: an academic paper on a 70-year-old mathematical paradox known as the two envelopes problem, published today in the journal Proceedings of the Royal Society A.
The problem goes like this:
You are presented with two envelopes A and B, one of which contains twice as much money as the other. You must select an envelope,but after looking at the amount of money contained,you may choose to swap it.Should you do so?
At a first glance the problem appears trivial: the odds for you picking the high cash prize are 50-50. So statistically you should do just as well by switching your choice or standing by it.
But what about if you repeat the scenario many times? Is there some strategy you can adopt to pick the high-scoring envelope more than half of the time? It sounds unlikely. But the paper reveals that there are a number of ways to beat the odds when you repeat the task many times with envelopes containing different amounts of money.
(Excerpt) Read more at timesonline.typepad.com ...
Assuming all bills and no coins: If the envelope contains an odd amount of money, swap it.
I still trade in the stock market. but only ETF or Exchange Traded Funds that go long or short using signals from a system called ETFBULL..their website name is the same.
They have great historical performance, they give bullish and bearish signals for all the indices and are right on the money.
They recently closed a bunch of long positions with an excellent profit for my account and reversed to bear positions that are starting to perform. I find their market direction prediction nothing short of amazing.
How much do they charge?
BTT
I am paying $99 for 3 months for daily buy / sell signals but they offer a year for $299.
It includes a manual that tells you how they come up with the signals and how they trade them.
I have been trading for a lomng time and am really impressed
The best service you have ever used? How long hvae you subscribed to their svc?
The only problem is that markets aren’t purely random. It’s not a probability play.
As someone who trades in stocks it’s always funny to see how companies that are more lax with thier employee benefits (non-leftist unionized shops) always do better then others.
Basiclly investing with China always gaurentees a high rate of return.
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