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BobR wrote:
> FYI the URL for the prediction company is:
> http://www.predict.com/index.htm
>
> BR
BobR,
I couldn't find much description on their website regarding on what they
base their forecasts. However, I am somewhat familiar with this group from my
investigative adventures of the late 80s and early 90s. These guys were
originally associated with the Santa Fe Institute,
http://www.santafe.edu/sfi/aboutSFI.html I visited SFI in the late 80s and I
have many of their bulletins. It is a not for profit organization dedicated
to research Chaos Theory in all aspects of life and scientific endeavor. Some
of their economic and financial research is posted on the Internet. When I last
looked, I wasn't all that impressed with what they had produced so far. I think
Chaos Theory is a great concept in that it is quasi scientific Elliott Wave
Theory. But, to paraphrase Shakespeare, the answer lies not in your computer
Brutus, but in nature. Da Vinci tried to design a flying machine 500 years
ago. During the next 400 years, thousands died trying design and fly a heavier
than air flying machine. It took the Wright Brothers, who had been avid bird
watchers as kids, to figure out how an airplane should be designed. Chaos
Theory has much value as a conceptual framework, but it would best be applied
when a natural model were inputted.
Chaotically,
Norman
>
>
> ----- Original Message -----
> From: "Ronald McEwan" <rmac@xxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Cc: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, April 07, 2000 9:54 AM
> Subject: [RT] Re: US Govt. Manipulation of Stock Market
>
> > Bruce, good point on the Prediction Company. I was curious about why the
> > would be so public about their work , so I read the book. It was very
> > revealing. Wall St (mostly the big banks and Citicorp in particular) had
> > turned to these guys for a way out of the big hole they had dug
> > themselves into with shaky third world loans (Citicorp was sitting on a
> > total bill of 300 billion dollars in third world debt losses). Their so
> > called economic models were so far from reality and they were desperate
> > for a new solution. Doyne Farmer was giving a lecture and was approached
> > by Craig Heimark from O'Connor & Associates to come work with them.
> > O'Connor & Associates, apparently were also looking for new ideas That
> > was their first big break. Then UBS went on a buying spree and bought
> > O'Connor & Associates (and eventually Warburg Dillon Read). Now they were
> > in bed with the smartest and most successful derivative traders that
> > ever lived. And they had the massive capital resources of USB behind
> > them. With guys like O'Connor & Associates to hold your hand and USB to
> > fund you, how can you not be successful!!!! Without this their work
> > would still be collecting dust in old copies of obscure academic
> > journals.
> >
> > Ron McEwan
> >
> >
> >
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