The top 5 cities, based on percentage of total population, that millionaire’s call home are not surprising. The biggest surprise was the lack of representation from Asia. With Singapore #8...
Many chart analysts are describing this recent stock market selloff to the 2010. They claim that both declines are many due to the public’s psyche that the country’s leadership cannot fix the problem. Tom McClellan is a chart watcher, using history as a guide for the future, believing markets will behave in the same way when fueled by fear, greed, or uncertainty.
LEAN SIX SIGMA TEACHING POINT : In theory, I can see the chart watcher’s point. I would prefer more statistical analysis to prove the correlation of the two events. This is a great Black Belt Financial project. By statistically proving significant statistical correlation, one can attempt to gain arbitrage profits in highly volatile (variance) markets. Get out your SAS or Minitab since it may pay for itself with this analysis.
Gary Kapanowski – Lean Six Sigma Master Black Belt – Excelsior
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