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I'm very sorry. So Stack made a statistical observation. Corrections have been shorter. Okay. How does it help us? You can call me stupid if you can also explain to me what is the point of that blog entry.
Stack is great. Okay. He is Ritholtz favorite. Fine. What else did I miss? Are we suggesting, next correction will be even smaller, and the bull market is still "on". Is this what Stack is saying?
Comments
Also, I enjoyed this clip by Mr. Dalio:
http://www.ritholtz.com/blog/2013/09/dalio-how-the-economic-machine-works/
Here, on YouTube:
And, here, the paper the animated clip is based:
http://bwater.com/Uploads/FileManager/research/how-the-economic-machine-works/ray_dalio__how_the_economic_machine_works__leveragings_and_deleveragings.pdf
Regards,
Ted
Ray Dalio Bio: http://en.wikipedia.org/wiki/Ray_Dalio
Stack is great. Okay. He is Ritholtz favorite. Fine. What else did I miss? Are we suggesting, next correction will be even smaller, and the bull market is still "on". Is this what Stack is saying?
These are pallets are of $100 bills...and each pallet holds $100M. So, Mr. Dalio has the equivalent of some 130 such pallets.
Thou shall not covet...Thou shall not covet...Thou shall not covet...