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Earl Adamy wrote:
>
> With the possible exception of interest rates, which do return to near nil on
> long term cyclical basis, it's difficutl to imagine an equity or commodity
> market which does not have an upward bias?
>
> Earl
>
> -----Original Message-----
> From: Timothy Morge <tmorge@xxxxxxxxxxxxxxx>
>
> >Unless you mean in the context of the current uptrend in the stock
> >market and bond market as a long-term event, I would disagree with
> >this statement. Markets do not tend to go up more than down...
Hmmm...well, upward bias...If I look at a long-term chart of copper,
say, 30 years or more, does it truly exhibit upward bias? Maybe it
does numerically and someone here wants to claim that it does, I would
like an education on the meaning please. I'm not being facetious. I
assume this is a term systems people and signal analysis and
processing would deal with this.
Tim Morge [Somehow, I think I'm standing on a small island on this
one...]
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