There are some games you shouldn't play if the odds are stacked against you.
Here are some clever ways to to get an edge.
And here are a few more you can use with your friends.
For more, go to the Quirkology page.

Thoughts about the markets, automated trading algorithms, artificial intelligence, and lots of other stuff
There are some games you shouldn't play if the odds are stacked against you.
Here are some clever ways to to get an edge.
And here are a few more you can use with your friends.
For more, go to the Quirkology page.
This week, the Dow Industrials bounced-off its 200-day moving average and technical traders relaxed a little.
Earlier in the week, a number of U.S. stock indexes briefly slipped below their 50-day averages. Despite the Shut-Down, they have bullishly regained those support lines.
A key example took place in the Dow Industrials. The chart shows the Dow bouncing off initial chart support at its late August intra-day low (14760) and its 200-day average (red line). For technical traders, that is a very important test.
The sharp rally has kept the Dow above those two important support levels.
The new red line hurting our government …
Here are some of the posts that caught my eye. Hope you find something interesting.
With the government shut down and the debt ceiling looming, one could argue that the U.S. economy may be on the edge of a crisis.
But the stock market is not reflecting this.
During periods of crisis and high stock market volatility, correlations among stocks increase. In other words, stocks move up and down together.
JP Morgan just published a quarterly market chartbook , which includes a useful chart tracking stock market volatility and correlations among stocks since the Great Depression.
Why? Perhaps Because Markets Tend to Go Up After Government Shutdowns.
Funny cartoon by Nate Beeler. Error: The Government has stopped responding.
Too bad it's not just a cartoon.
Here are some of the posts that caught my eye. Hope you find something interesting.
This week, Microsoft CEO Steve Ballmer said goodbye to his company’s employees.
Here is a video of his farewell speech at Microsoft's 2013 Company Meeting.
Here is a link to the Verge's article covering this event.
The Ballmer Era Ends. What To Make Of It?
While he will stay on until a new CEO has been selected, we can now assess his legacy at Microsoft based on the 13 years during which he was at the helm of the company.
According to Forbes, when Ballmer took over the company from Bill Gates on January 1, 2000, Microsoft shares had already begun falling from its record high reached on December 23, 1999 … and as of this week’s close of market, Microsoft shares had dropped 55% since Ballmer took over.
Without any other historical references, this may look like an utter disaster – but consider the timing of the transition and subsequent events. When Ballmer took over, the company was riding the dotcom bubble and had achieved this valuation with $6.11 billion in quarterly revenue and a net income of $2.44 billion. This gave them $0.44 in diluted earnings per share.
By the end of Ballmer’s first year at the helm, the dotcom crash had wiped out the technology sector, driving Microsoft’s share price to $21.688 by the end of 2000, a low it would not break until its ill-fated effort to purchase Yahoo in March 2009.
The company survived the 2008 financial crisis relatively well, buoyed by strong revenue and a diversified set of products that allowed it to generate cash in an era when credit became very tight.
On an annualized basis, Microsoft saw its yearly profits grow from roughly $25 billion to around $70 billion, or an average of 16.4% in annualized growth, a record that beats the performance of well known CEOs like Jack Welch at GE (11.2%), Lou Gerstner at IBM (2%) but eclipsed by Steve Jobs’ record of 33x growth (from $786 million to $25.922 billion) during his tenure as CEO.
If Obamacare had a warning label, besides potentially shutting-down the government …
Here are some of the posts that caught my eye. Hope you find something interesting.
GTA V reached the billion-dollar revenue milestone faster than any other entertainment product in history.
Read that again … Not only does that make GTA the fastest game to reach that milestone, but the fastest-selling entertainment product of all time.
It took the game only three days to achieve what Avatar, no less than the most successful movie of all times, did in 17 days.
With an estimated production/marketing budget of $265 million, GTA V is not only the most expensive video game of all time, but also more expensive than most of today's Hollywood blockbusters.
The two highest-grossing movies in history, James Cameron's Titanic and
Avatar, both took considerably longer to pull in one billion.
For what it's worth, I think is also says something good about the economy and disposable income.
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Speaking of dangerous Red Lines …
Here are some of the posts that caught my eye. Hope you find something interesting.
With all the talk of federal budgets and debt ceilings, now is a good time to turn our focus to the consumer.
Poverty rates and median income remained unchanged in 2012, despite the recovery. So, how does the average US household spend their paycheck? This chart breaks it down.

As you can see, on average, housing, transportation, and food are the biggest costs.