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Pete_Bertine comments on Intrade and the Dow Drop - Less Wrong
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Comments (13)
Please take this discussion and these insights to www.cnbc.com and challenge some of the bogus reasoning that is passing for journalism there.
The claim made here http://www.cnbc.com/id/26977132 demands intelligent dissection.
Email fastmoney-web@cnbc.com and tell them why a statement like this...
As you can see from the chart, “there’s big volatility in this market and big volatility never happens in the middle (of a cycle). By all accounts big volatility only comes at the top or the bottom,†Worth says. And this certainly isn't the top.
...is nonsense. And that Worth should be challenged to provide a ton of references to back up his claim.