QUESTION: Mr. Armstrong; Did AIG use the Black-Scholes Model and that is what created the crisis again in 2007? WJ ANSWER: No. It’s my understanding that AIG developed different models, they called a “Value-at-Risk Model,” (VaR) which used a binomial-expansion-technique to start valuing their positions. I believe the original model was developed at Moody’s. However, like the Black-Scholes […]
NASA’s photo of the Blizzard of 2018 shows just how cold this season is turning into. I have made it clear I moved from New Jersey to Florida trying to get closer to REAL Global Warming. Our computer, which correlates absolutely everything in all fields, forecast that this would be the coldest winter many […]
It is finally Here – 2018. This is when the real fun begins this year moving into 2021.
QUESTION: Marty; At your training seminar you did a couple of year’s ago, you said your pivot numbers will confirm or deny a high. What was the status on the Pivots in the Dow for the close? PS Another training session would be nice. GD ANSWER: The 2006 closing was 12463.15 and the Pivots were […]
Even the renown Public Library of Science (PLOS) Organization has stated plainly there is no evidence of Global Warming caused by human activity. “[O]nly 18% of the stations showed increases in water temperature that would be expected from global warming, partially reflecting the limits in detecting trends due to inherent natural variability of temperature data. […]
This may end up as the coldest New Year on RECORD! Bitterly cold temperatures across the Midwest and Northeast and up to FIVE FEET of snow appears ready to set 2018 celebrations on ice. Where is Global Warming when we really need it?
