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1. halcy​:icosahedron: (halcy@icosahedron.website)'s status on Thursday, 13-Dec-2018 00:21:15 JST halcy​:icosahedron:

   * so far, on average and over long time periods, the world economy has generally grown
   * however, literally nobody actually has any idea about the stock market. like, literally nobody. every analyst that exists is full of shit.
   * double if it's weird stuff like crypto or whatever
   * the performance of any single stock is basically a random walk
   * financial media reporting is essentially tea leaf reading and post-hoc justification
   * lol

   • halcy​:icosahedron: (halcy@icosahedron.website)'s status on Thursday, 13-Dec-2018 00:23:37 JST halcy​:icosahedron:

     in reply to

     oh, also: https://www.amazon.com/Random-Walk-Down-Street-ebook/dp/B004KKXMZQ/ref=sr_1_fed0_1?ie=UTF8&qid=1355517682&sr=8-1&keywords=a+random+walk+down+wall+st we have basically known all of this for multiple decades