US Dollar – Positive Sum Trading

January 4, 2016January 6, 2018

Market Commentary – January 4, 2016

A new year is upon us. Where did things end up in 2015? After the weekly summary graphs are the results.

Charts Courtesy of Yahoo Finance.

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Monte Carlo Fallacy

At the roulette wheel at Le Grande Casino in Monte Carlo, Monaco, the color black came up 26 times in a row. The probability of the occurrence was 1 in 136,823,184^.The incident is cited as an illustration of the gambler’s fallacy, because after the wheel stopped at black ten straight times, casino patrons began betting large sums of money on red, on the logic that black could not possibly come up again. The odds of red or black coming up on any individual spin were the same each time—18 out of 37; to no surprise of statisticians, “the casino made several million francs that night”.

Courtesy of Wikipedia

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