Mandlebrot and Taleb on the stuff hitting the fan.

W4rl0ck · Oct 29, 2008

Not sure what to make of this.

<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/DLFkQdiXPbo&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/DLFkQdiXPbo&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>

http://www.youtube.com/watch?v=DLFkQdiXPbo

ByLoSellHi · Oct 29, 2008

Mandlebrot is my brother and my soldier in arms, and I will always have his back.

Mandlebrot 2012!!!

The shit IS HITTING THE FAN. This isn't the stuff of doomsday bunker-types, anymore.

We're not in Kansas anymore.

Bernanke sees 'crumbling economy:'

http://www.bloomberg.com/apps/news?pid=20601087&sid=a7WjTgfiaMZI&refer=home

Home prices continue to plunge:

http://www.bloomberg.com/apps/news?pid=20601087&sid=a1ua7J7AYpxM&refer=home

Credit card companies cut WAY back on dope pushing:

http://www.nytimes.com/2008/10/29/business/29credit.html?hp

The ULTIMATE FADE (EVER!!!):

http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vhfE0zxIwra8.asf

shortie · Oct 29, 2008

Taleb is just advertising for his fund. We had two black swans in two weeks - +15% and +12% gains, the solid bottom won't be re-tested for at least a month.

nitro · Oct 29, 2008

Fractals have a recursive definition. If in fact markets are fractal, then guess what, fear mongering feeds back on itself recursively, and perpetuates the trend. That's what I make out of that video.

That is why governments intervene and the FED was given larger powers after the Great Depression. Left alone, markets would be self-similar.

If you really want to break the bear, start with yourself, and don't panic. Selling begets selling.

nitro

MandelbrotSet · Oct 29, 2008

Quote from nitro:

Fractals have a recursive definition. If in fact markets are fractal, then guess what, fear mongering feeds back on itself recursively, and perpetuates the trend. That's what I make out of that video.

Fractals describe the level on which events transpire.

Quote from nitro:

That is why governments intervene and the FED was given larger powers after the Great Depression. Left alone, markets would be self-similar.

True. What happens on the Macro level is what effects change on all of the lower fractals.

Quote from nitro:

If you really want to break the bear, start with yourself, and don't panic. Selling begets selling.

False. What happens on a lower fractals has no bearing on what happens on a higher fractal. What happens on a higher fractal is what has bearing on a higher fractal. For the markets to stabilize the economy must stabilize, and for that to happen the culture of rampant and selfish destructive human greed has to be brought to a halt.

Same old, same old, for hundreds of centuries.

Quote from nitro:

nitro

Mandelbrotset

fluttrader · Oct 29, 2008

Quote from shortie:

Taleb is just advertising for his fund. We had two black swans in two weeks - +15% and +12% gains, the solid bottom won't be re-tested for at least a month.

I read he stopped with his fund ...

Daal · Oct 29, 2008

Quote from MandelbrotSet:

For the markets to stabilize the economy must stabilize, and for that to happen the culture of rampant and selfish destructive human greed has to be brought to a halt.
Same old, same old, for hundreds of centuries.

Nonsense, you cant beat human nature. try bringing to a halt humans tendency to have sex or wars. its an almost impossible task. If you ever succeed you create a problem on its own: a world nobody wants to live in. you might only be able to get there thought tiranny and that wont last long

MandelbrotSet · Oct 29, 2008

Quote from Daal:

Nonsense, you cant beat human nature. try bringing to a halt humans tendency to have sex or wars. its an almost impossible task. If you ever succeed you create a problem on its own: a world nobody wants to live in. you might only be able to get there thought tiranny and that wont last long

Yep Daal, I agree with you absolutely 100%.

All of my book knowledge and life experience confirms what you say ... in which case, you know what this leads to. :eek:

uptik2000 · Oct 29, 2008

The most important line in that interview is near the end when Mandelbrot says, "Everything is possible".

gnome · Oct 29, 2008

Quote from MandelbrotSet:

Yep Daal, I agree with you absolutely 100%.

All of my book knowledge and life experience confirms what you say ... in which case, you know what this leads to. :eek:

It's on our doorstep right now... the Hussein NObama presidency...