Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.


For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017

Ad Space M-1

Board Rules

October 2016


Calendar Calendar

Ad Space M-2

Revv Worldwide

IQD/Oil/Commodities Charts


Ad Space M-3

Top posting users this week

Top posting users this month

Ad Space M-4

Fundamentalists & their Formulas



Posts : 16545
Thanked : 805
Join date : 2013-01-12

Fundamentalists & their Formulas

Post by Lobo on Wed 30 Dec 2015, 12:17 pm

Fundamentalists & their Formulas

Posted on December 30, 2015 by Martin Armstrong

QUESTION: Marty, I believe that the traditional way of looking at even value no longer applies. Take the claimed doctrine in finance named the dividend discount model. They assume that the price of a common stock is the present value of its future cash flows discounted by the rate of interest. What happens when interest rates are manipulated to negative? Does any theory or model make any sense any more?

1-When-Genius-FailedANSWER: No. The value of a stock is ABSOLUTELY in no way determined by such a formula. That is up there with the random walk. It has no relationship to market trends whatsoever because markets trade on ANTICIPATION — not on fact.

The bubble is one example. They treated the auto stocks the same during the late 1920s. The South Sea bubble and the Mississippi bubble were the same, as was the Russian Bubble which burst in 1998 and resulted in the collapse of Long-Term Management. The book written on that one was entitled, “When Genius Failed”. These are made up by fundamentalists who waste their time looking for some magic formula that does not exist because it is far more dynamic than they can possibly imagine.

This entry was posted in Q&A and tagged bubbles, Fundamentalists, When Genius Failed by Martin Armstrong. Bookmark the permalink.

    Current date/time is Mon 24 Oct 2016, 3:51 am