Oct 13 2009
∞
“ Bill Erman, a market-timing analyst in Nashville, and the proponent of a system called Ermanometry, told me, ‘We believe the market is perfect to the second.’ (He concedes that we don’t have the data to prove it.) He noted that termites build their perfect mounds, and bees their perfect hives, and spiders their perfect webs, all around the world, without, presumably, being conscious of why or what they area doing. ‘Mankind is unconsciously constructing a geometrically perfect market,’ Erman said. We can’t help building our beehives in the air. The charts are our termite mounds.
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— via The New Yorker
