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Sometimes as I cook with my older children we take a moment to discuss the great issues of our times and, after a quick foray this afternoon into the placebo effect and alternative medicines, my son and I decided to tackle the important matter of adapting Schrodinger’s famous quantum physics experiment to fit the perspective of our labrador/poodle cross Pippa.
As Pippa’s main and possibly only interest is in food, we decided to replace the cat with bacon, which would be placed in the same locked box with an atomic clock that, at the key random point of atomic decay, would now trigger a process that would perfectly grill the bacon. The bacon would therefore exist in a quantum probability cloud state of cooked/uncooked until the moment that the state was crystallised by Pippa’s observation of the bacon, obviously through smell rather than sight. (more…)
After the absolutely unchecked pandemonium of Facebook over the past 24 hours, the world was on the edge of its seat with today’s featured presentation, which was the Amazon earnings report. After all the FB madness, AMZN turned out to be a relative bore. I mean, it’s UP and everything, but as I am typing this, it’s only 0.5% higher than its high yesterday. So – – not exactly setting the world on fire.
I wanted to mention a subtlety in SlopeCharts that comes up more than any other, and that is about dividends. Our data is adjusted for splits and dividends, as I believe it should be. As an example, here is the chart of SPY, which looks poised for (God forgive me) an explosive breakout higher. It looks “different” than any other chart, because, well, their data is inferior.
If you’ve ever wondered if something can increase in value 100-fold overnight, look no farther than Facebook’s weekly put options. I’ve pasted in yellow the last prices from yesterday. It’s quite a contrast with what they’re going for now.