None of the information or opinions expressed in this blog constitutes a solicitation for the purchase or sale of any security or other instrument. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions. Either Qwest or Mr. Hui may hold or control long or short positions in the securities or instruments mentioned. Going into today had a couple of short positions including Guru's pick SOHU. Today we are seeing circumstances that are eerily similar. Seeing this lunar bias makes me wonder whether it is in fact something altogether different. A low rate of return could be caused by small returns on your investments, or even the fact that you have underperformed when it comes to investment returns. Nothing in this article constitutes investment advice and any recommendations that may be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. This article is prepared by Mr. Hui as an outside business activity. The original words of Benjamin Graham and David Dodd--put to paper not long after the disastrous boutiques Market Crash of 1929--still have the mesmerizing qualities of rigorous honesty and diligent scrutiny, the same riveting power of disciplined thought and determined logic that gave the work its first distinction and began its illustrious career.

By contrast, the Geanakoplos paper uses the M/Y ratio, or middle-aged to young ratio. We prefer our M/O ratio to the M/Y ratio of middle-age to young adults, age 20-29, studied by Geanakoplos et al. We measure age distribution using the ratio of the middle-age cohort, age 40-49, to the old-age cohort, age 60-69. We call this the M/O ratio. 1: Six stocks suggested in the midst of the maelstrom in a March 16 column using this approach advanced 106% by year-end. Check out technical analysis for March 16th. Oil Prices are lower as Opec did not cut production at the OPEC meeting over the weekend. A bull market is defined as having a 20% uptick in stock prices after an extended period of falling stock prices. This is what my sales forecasts are based on, and they are nearly the same in my bull and bear cases. I was doing an extensive local services search at the time, and literally from one day to the next the exact same keyword dropped from an approximate volume of 2000 - 2 400 to 50. Based on my personal knowledge of the local areas and businesses I was searching, population figures etc., I had to seriously conclude that the first figure, before the change, was accurate- simply because the second figure, after the change seemed so improbable.