I’ve been asked for a PhilStock tip. Well, remember when it could be said that “bad news is good news on wall street“?
No longer. Now bad is bad. I call these “blood days” on the stock market, and the only statistical advice that has held up over the past turbulent years is: Never try to catch a falling knife*.
*For more, you’ll have to seek my stock blog.
Experts convene to explore new philosophy of statistics field
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Error Statistics Philosophy
Do you still hold Diamond Offshore? Cratering, no?
Ah, the mascot–can’t link now to explain to the reader–but yes I do have my DO, and at $48 it’s a 7% dividend (.12 + .75 special) quarterly.
Old trader joke: What do you do when the sky is falling?
Sell sky.
Zachary: Reminds me of “sell me this pen” in that (fairly awful) movie, “The Wolf of Wall Street” (even though they showed a clever way to sell the pen ).
Haven’t seen it. Wanna spoil the scene?
I think it was to essentially ask the person to autograph something (presuming they don’t have a pen). When they say they don’t, offer to sell it.
CLEVER. Couldn’t bring myself to watch the movie. But speaking of finance movies, have you seen the Floored documentary?
Zachary: never heard of it.