to your HTML Add class="sortable" to any table you'd like to make sortable Click on the headers to sort Thanks to many, many people for contributions and suggestions. Licenced as X11: http://www.kryogenix.org/code/browser/licence.html This basically means: do what you want with it. */ var stIsIE = /*@cc_on!@*/false; sorttable = { init: function() { // quit if this function has already been called if (arguments.callee.done) return; // flag this function so we don't do the same thing twice arguments.callee.done = true; // kill the timer if (_timer) clearInterval(_timer); if (!document.createElement || !document.getElementsByTagName) return; sorttable.DATE_RE = /^(\d\d?)[\/\.-](\d\d?)[\/\.-]((\d\d)?\d\d)$/; forEach(document.getElementsByTagName('table'), function(table) { if (table.className.search(/\bsortable\b/) != -1) { sorttable.makeSortable(table); } }); }, makeSortable: function(table) { if (table.getElementsByTagName('thead').length == 0) { // table doesn't have a tHead. Since it should have, create one and // put the first table row in it. the = document.createElement('thead'); the.appendChild(table.rows[0]); table.insertBefore(the,table.firstChild); } // Safari doesn't support table.tHead, sigh if (table.tHead == null) table.tHead = table.getElementsByTagName('thead')[0]; if (table.tHead.rows.length != 1) return; // can't cope with two header rows // Sorttable v1 put rows with a class of "sortbottom" at the bottom (as // "total" rows, for example). This is B&R, since what you're supposed // to do is put them in a tfoot. So, if there are sortbottom rows, // for backwards compatibility, move them to tfoot (creating it if needed). sortbottomrows = []; for (var i=0; i
Earlier this week, we wrote what was perhaps one of the most timely posts ever in the history of Political Calculations, as we discussed how we may have finally succeeded in compensating for the echo effect in our forecasting method for anticipating the future of the S&P 500:
Here's the result of our rebaselining the calculation to incorporate the historic stock data in our projections of today:
Suddenly, we find that stock prices would appear to be once again predictable, currently following the trajectories that are consistent with investors continuing to be focused on either 2014-Q3 or 2015-Q2 in setting current day stock prices - just as they were before we ran into the echo effect using our regular one-year ago base reference period!
But now, we appear to have reached a fork for that trajectory, where we'll soon determine which future investors are really focused upon.
That's become relevant again today because from all appearances, the S&P 500 followed Yogi Berra's advice about what to do when facing a fork in the road: it took it!
Or more accurately, after a few days of seeming to split their forward-looking focus between the futures defined by the expectations associated with 2014-Q3 and 2015-Q2, investors really focused upon 2015-Q2 in setting today's stock prices.
Meanwhile, the news reports of the day's trading activity would suggest that nobody else had any sort of handle on what was driving stock prices, so they were more or less randomly pointing in all directions:
Investors said an upbeat reading from the labor market sowed concerns about the Federal Reserve possibly raising rates quicker than many investors anticipate. Some pointed to disappointing earnings reports from U.S. companies Thursday, which disrupted what has been a strong season for corporate profits. Others pointed to Argentina's default on some bonds and fresh worries that the euro zone's central bank will need to provide more stimulus.
The Dow Jones Industrial Average fell 317.06 points, or 1.9%, to 16563.30. The S&P 500 shed 39.40 points, or 2%, to 1930.67 and the Nasdaq Composite Index dropped 93.13 points, or 2.1%, to 4369.77.
"There are so many things that are coming to a head simultaneously," said Joe Spinelli, head of Americas single stock trading at Deutsche Bank. "Clients are wanting to get into a position to ride out any storm that might pop up."
In reality, investors were adapting their investment portfolio holdings to match the fundamental expectations that coincide with the specific point of time in the future that they've focused upon in making their investment decisions today. And on 31 July 2014, that meant a sudden decline in stock prices, as the S&P 500 suddenly caught up to the future investors had focused upon.
The only real randomness in how stock prices behaved was in the timing for when that shift in focus occurred. How much they would change was not so random considering how stock prices really work as a quantum phenomenon.
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