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OM,
Imo, probably a better way to explain the position that you were defending is:
"Such correlations and relationships may exist -- if they do, I don't know
what they are, nor do I have any interest in pursuing them -- and (in my
opinion) probably only a few rocket-scientist types could explain them"
Don't know if you've checked out some of John Murphy's work, but he's
published quite a bit on inter-market analysis and many people find useful
(and trade-able).
Imo, it's potentially dangerous to assume that any one person may have all
the answers -- you included :)
________________________________________
At 08:41 PM 05/27/2000 -0400, you wrote:
>I rest my case. :-)
>
> ---- you wrote:
> > The stock vs. bond correlation is still valid......but you must use a
> > derived conditional variable to compare the two to obtain a decent
> > R-squared.
> >
> > bondvar = -1 * (bond_rate_chg - bond_rate_maxchg) * factor *
> > bond_rate_chg...etc, etc.
> > (an example only)
> > stockvar = (price - price[1])/price[1]*100;
> >
>etc., etc., etc.
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