Anybody doing scientific work knows that the if I perform statistical analysis on a dataset and make an observation, someone else doing the same analysis on same dataset will get the same results. So, the observations are more important than who performed the data-crunching.
In any case, I think the original study is still very useful, and more so in the light of what went on for last two weeks. Here you can read it:
http://www.hussman.n...c/wmc070115.htm
Hussman's study
Started by
greenie
, Mar 14 2007 12:31 AM
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#1
Posted 14 March 2007 - 12:31 AM
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !