--- In amibroker@xxxxxxxxxps.com,
sanjay manjrekar <excelent_sanjay@...> wrote:
>
>
TECHNICAL ARE USE TO MAKE FOOL PEOPLE DONT BELIEVE IN IT
> IF TECHNICAL
ARE POWERFUL THEN WHY MORGAN STANLEY, BEAR COLLAPSED
>
Overuse of
leverage, lack of diversification, obfuscativesecuritization, failure to
think reasonably/rationally about risk,willingness to bet the existence of
the firm in pursuit of short-termoutperformance, belief that risk was being
offset to counterpartieswithout realizing the counterparties were not sound
themselves.
The system will clear itself over time as yesterday's fools
andcriminals are replaced by tomorrow's new players. TA will be
veryhelpful in measuring the state of the recovery as it ultimately
takesplace. (It's already been helpful in measuring the state of
thecollapse, as here
.)
Or, if you prefer, there's always the Magic 8 Ball
...
.