Re: [Vo]:Black Holes from Newtonian Gravity? - discs.gif - segements.gif

2008-10-17 Thread Michel Jullian
2008/10/16 Horace Heffner [EMAIL PROTECTED]:

 On Oct 16, 2008, at 7:17 AM, Michel Jullian wrote:

 But if you get closer and closer to a finite disk of charge, whether
 on-axis or off-axis, it will look more and more  like an infinite
 sheet of charge, because the 1/r^2 law makes the effect of the most
 remote charges rapidly negligible compared to that of the closest ones
 right under you.

 Exactly what I thought intuitively.  Not true though, due to superposition.
  Suppose you have a virus located on the center of a surface of a cm square
 plane segment of an insulator having a uniformly distributed charge of 10^-9
 C.   The field is normal to the surface where the virus is located.  You now
 bring a 1 C charge within a cm of the virus.  By superposition, the field
 lines will be about parallel to the surface where the virus is located, not
 normal to it.

Well maybe, but we were considering a uniform distribution.

 So the field _right above the surface_, where the disk looks infinite,
 will indeed be perpendicular to the surface. BTW you said you knew
 this to be the case close to a conductor (freely moving charges)
 didn't you, well now imagine we suddenly freeze the charges on that
 conductor, will the field above it change its direction?

 Michel

 The problem is that on a finite planar conductor the charges are not
 uniformly distributed.  They are only uniformly distributed on a sphere.
  The charges are distributed toward the edges.  On a real surface the field
 gradients are largest at protrusions where the surface curvature is
 maximized convexly.
...

Yes, but at only a few mm away from the edge of a metal disk the
surface charge density becomes uniform to a very good approximation
(provided it is isolated of course).

A couple resources on the subject:

http://www.goiit.com/posts/show/126825.htm

A large plate with uniform charge density.
Consider the plate below, which we will assume is infininte ( a good
assumption if you are close to the plate) and has a charge per unit
area, s. 
http://www2.truman.edu/~edis/courses/186/lab3.html

Electric field lines and equipotential lines each behave in a certain
way in the vicinity of a source---any distribution of charges which
give rise to an electric field---and in the vicinity of a conducting
surface:
- Near a source, the equipotential lines are parallel to the surface
of the charge distribution, and the electric field lines are
perpendicular to the surface of the charge distribution,
- Near a conducting surface, the equipotential lines are parallel to
the conducting surface, and the electric field lines are perpendicular
to the conducting surface.

Cheers,

Michel



Re: [Vo]:Black Holes from Newtonian Gravity? - discs.gif - segements.gif

2008-10-17 Thread Horace Heffner


On Oct 16, 2008, at 11:17 PM, Michel Jullian wrote:


2008/10/16 Horace Heffner [EMAIL PROTECTED]:


On Oct 16, 2008, at 7:17 AM, Michel Jullian wrote:


But if you get closer and closer to a finite disk of charge, whether
on-axis or off-axis, it will look more and more  like an infinite
sheet of charge, because the 1/r^2 law makes the effect of the most
remote charges rapidly negligible compared to that of the closest  
ones

right under you.


Exactly what I thought intuitively.  Not true though, due to  
superposition.
 Suppose you have a virus located on the center of a surface of a  
cm square
plane segment of an insulator having a uniformly distributed  
charge of 10^-9
C.   The field is normal to the surface where the virus is  
located.  You now
bring a 1 C charge within a cm of the virus.  By superposition,  
the field
lines will be about parallel to the surface where the virus is  
located, not

normal to it.


Well maybe, but we were considering a uniform distribution.


Actually not, and that was the point of Robin's very clear proof.  In  
the vicinity of the measuring point the field is uniform.  However,  
for a measuring point not in the center of the disk there is a large  
mass of unbalanced charge that is all to one side of the measuring  
point.  Since this unbalanced is all to one side, it can be replaced  
with the full charge located at its center of charge. The fact it is  
spread uniformly over its (distant) surface becomes irrelevant.   
Finite charge distributions can not be treated in the same manner as  
infinite charge distributions.






So the field _right above the surface_, where the disk looks  
infinite,

will indeed be perpendicular to the surface. BTW you said you knew
this to be the case close to a conductor (freely moving charges)
didn't you, well now imagine we suddenly freeze the charges on that
conductor, will the field above it change its direction?

Michel


The problem is that on a finite planar conductor the charges are not
uniformly distributed.  They are only uniformly distributed on a  
sphere.
 The charges are distributed toward the edges.  On a real surface  
the field

gradients are largest at protrusions where the surface curvature is
maximized convexly.

...

Yes, but at only a few mm away from the edge of a metal disk the
surface charge density becomes uniform to a very good approximation
(provided it is isolated of course).


The charge distribution on a thin conducting disc is far from uniform  
though.  The thinner the disk the stronger the field on the  
periphery. In a conductor it is the buildup of charge toward the  
periphery that permits the field lines normal to the surface.






A couple resources on the subject:

http://www.goiit.com/posts/show/126825.htm

A large plate with uniform charge density.
Consider the plate below, which we will assume is infininte ( a good
assumption if you are close to the plate) and has a charge per unit
area, s. 


This is merely a repeating of the same mistake. This assumption  
depends on the degree to which the plate is uniform, the measuring  
point being central, and the fact the plate is a conductor.  Robin  
shows a clear lack of field orthogonality in the case of measuring  
points not on the center of a uniformly charged insulating disk.




http://www2.truman.edu/~edis/courses/186/lab3.html

Electric field lines and equipotential lines each behave in a certain
way in the vicinity of a source---any distribution of charges which
give rise to an electric field---and in the vicinity of a conducting



Note the use of the word conducting above. That is critical.



surface:
- Near a source, the equipotential lines are parallel to the surface
of the charge distribution, and the electric field lines are
perpendicular to the surface of the charge distribution,
- Near a conducting surface, the equipotential lines are parallel to
the conducting surface, and the electric field lines are perpendicular
to the conducting surface.

Cheers,

Michel


Consider again Robin's proof.

On Oct 14, 2008, at 7:54 PM, Robin van Spaandonk wrote:


[snip]
Consider the attached diagram.

With the exception of C (for Center), all letters label  
intersections. The

line segment DF is perpendicular to the radial line segment BC.

Let there be a test mass at A. We examine the component of the  
gravitational
forces within the plane for the moment. The arc segment DEF is a  
mirror image
of DBF about the line segment DF. The forces acting on A within  
the plane
due to the two segments DEFAD and DBFAD exactly cancel, because  
these two
regions have the same area (uniform thickness of the disc is  
assumed). The rest
of the mass of the disc, excluding these two segments, is all to  
the left of A.
Hence there is a net force acting on A, pulling it to the left.  
This remains
valid if A is outside the plane of the disk. It only ceases to be  
true when A is
exactly on the axis of the disc, at which point the two segments  
each 

[Vo]:Re: OT:Pre-positioning for troubled financial times

2008-10-17 Thread Horace Heffner

This is a rehash and update on a little economic theory idea.

On Feb 8, 2008, at 11:37 AM, Horace Heffner wrote:

Within the context of the mortgage industry debacle precipitated  
financial crisis it appears there is something even more sinister  
making for the crazy markets:


http://tinyurl.com/3czmpr

Actual URL for above:

http://www.forbes.com/home/opinions/2008/02/06/croesus-chronicles- 
darkpools-oped-cz_rl_0207croesus.html


The quants and their systems may be unintentionally setting up the  
world markets and financial systems for a crash.  Automated  
arbitrage systems appear work fine until an underlying market  
fundamental changes, like sudden changes in the the value of real  
estate or some set of commodities.


The problem with modern portfolio theory is its fundamental  
assumption, that the market activity is actually based on  
stochastic processes.  It is assumed that all fundamentals are  
known by all the participants and very quickly priced into the  
market.  All that is left is due to random fluctuations. I think a  
large part of the variance in the random distributions is not  
random at all, but rather merely due to variables and functions not  
understand, but which test well for being random distributions.  An  
example of this might be the effects of a feedback loop between  
publications (reporters) and politicians, and further, the changes  
in cycle time, amount, quality, distribution, and lack of  
information control brought about by the internet.


Of greater concern is the fact market transactions are increasingly  
instant computer trades rather than trades by open and manual  
bidding systems.  This vastly increases the velocity of money  
within the market place in times of a crises, and the velocity is  
further increased  when the buyers and sellers are mostly computers  
too.  We are moving toward the point where the ultimate  crash  
could take place in seconds.
The velocity of money is the average frequency with which a unit of  
money is spent, the dollar turnover rate, the frequency of dollar  
spending per unit of time.  For a discussion of the velocity of  
money see:


http://en.wikipedia.org/wiki/Quantity_theory_of_money

and also see:

http://en.wikipedia.org/wiki/Velocity_of_money

There you'll see Milton Friedman's famous equation:

   M*V = P*Q

   V = P*Q/M

where M is the money in circulation, and P*Q is the gross domestic  
product, the sum of the values of all transactions in a given  
period of time.  The value of a transaction is the unit price time  
quantity for the transaction. This is expressed in the equation of  
exchange:


   M*V = Sum[i=1,n] p_i*q_i

In a computer generated crash, a huge amount of the world's capital  
can cycle around between multiple investors instantly, i.e the  
velocity V - inf.  Let F represent the values of all non stock  
market transactions:


   F = Sum[i=1,x] p_i*q_i

and G represent the sum of the values of all stock market  
transactions:


   G = Sum[i=x+1,n] p_i*q_i

This means

  V = (F+G)/M

and if G remains fixed, yet the market transaction values for some  
period go toward infinity, then we have as:


  as G - inf, V - (F+G)/M = (F+inf)/M = inf/M = inf

This means

  V = P*Q/M - inf

the velocity of money goes to infinity.  Since the quantity of  
goods Q would remain fixed in the seconds of collapse, given it  
rigorously must be that, since P*Q/M - inf, either (or both):


   P - inf,   or  M - 0

and neither case is good.  If I have this right (and I am  
definitely not an economist!) either price goes toward infinity, or  
money supply goes toward zero, or both.  Since we are in a global  
economy, this seems to me to apply to the global money supply.


This theory seems to be working out to some degree.  It appears M has  
been driven strongly toward zero. The most recent reactions to that  
it appears could result in the other outlet, namely driving P toward  
infinity, massive inflation.  See:


http://tinyurl.com/6ylcjq

If this little bit of theory is correct then the main ingredient  
needed for stabilization is still missing, namely international  
action to significantly reduce the high velocity of money due to fast  
international computer driven trading.  Suppressing shorts on some  
stocks helped achieve this to a degree, but more is needed if the  
above deductions are correct.


Best regards,

Horace Heffner
http://www.mtaonline.net/~hheffner/






Re: [Vo]:Re: OT:Pre-positioning for troubled financial times

2008-10-17 Thread Stephen A. Lawrence
I don't disagree with most of what you say here, but the drop in money
supply is something which can be accounted for conventionally.  I had
a couple comments, which I'll give out of order.



Horace Heffner wrote:

 This theory seems to be working out to some degree.  It appears M has
 been driven strongly toward zero. 

This may have nothing whatsoever to do with program trading.

Very roughly speaking, the money supply is determined by the amount of
high powered money in existence (direct loans and gifts from the Fed)
times a multiplier.  The multiplier is determined by the reserve
requirement in effect on banks.

If the reserve requirement is 5%, then of each dollar placed in the
banking system, 95 cents is lent out.  The borrowers may stuff a little
of the money they borrow into a mattress (and hence take it out of
circulation), but *nearly all* of it is going to be either spent or
invested.  If it's spent, it goes to a company, and if it's invested, it
also goes to a company, and ultimately it works its way back to the
banking system.

Once back in the banking system, it's subject to the same reserve
requirement, and once again 95% of it is lent out  and around and
around and around we go.

The result is that the money supply can be viewed as, *very* approximately,

  high powered money * sum_{n=0,inf} (1 - a)^n

where a is the reserve requirement.  The sum on the right can be
evaluated by subtracting from it the same sum taken from 1 to infinity
and dividing through by (1 - (1 - a)) to obtain

  sum_{n=0,inf} (1-a)^n = (1-a)/a = 1/a - 1

With our strawman reserve requirement of 5%, that evaluates to a
factor of 19.  Thus, with a 5% reserve requirement, the money supply
might be expected to be (*very* approximately!) 19 times the amount of
money deposited in the system by the Fed.

Now, suppose there's panic or breakdown in the financial system.  If the
bank lending rate drops because of fear among the bankers, *or* if
people panic and start removing their money from the banks (a run),
that factor of 19 can drop very quickly.  And when the lending
multiplier drops the money supply drops just as fast.

Something like this happened at the beginning of the 30's depression,
and about 2/3 of the money supply simply vanished, virtually overnight.
 (Or maybe it wasn't 2/3 -- I've forgotten the actual fraction, as
calculated by Friedman in some essay or other.)


 The problem with modern portfolio theory is its fundamental
 assumption, that the market activity is actually based on stochastic
 processes.  It is assumed that all fundamentals are known by all the
 participants and very quickly priced into the market.  All that is
 left is due to random fluctuations.

This is indeed the common assumption, and it is patently false.

Stock prices continue to be set largely by emotional factors, and stocks
which are in style are consistently overvalued while those which are
out of style are consistently undervalued.  By overvalued I mean
over a long term (say, a year) the value of stylish stocks tends to
drop relative to the market, and by undervalued I mean that over a
long term (say, a year) the value of out of style stocks tends to rise
relative to the market.

This has been true for as long as anyone's been studying the market and
it continues to the true today, as far as I can tell.

P/E ratios (and, more recently, PEG ratios) tend to tell the style
story pretty clearly.  As one trivial example, back when Sun
Microsystems' PE hit ~ 90 it was clear that it was a stylish stock and
its price was being supported not by perfect information, but by the
usual herd mentality among brokers.  That was a few years back but I
don't see any evidence that much has changed since then, save for the
massive increase in volatility which results from program trading and
from the loss of some securities regulations which damped things (and
which were removed under pressure from the program traders).

As far as I know there is no model which correctly predicts company
growth.  Unlike option prices, stock prices have no firm theoretical
foundation.




Re: [Vo]:Re: OT:Pre-positioning for troubled financial times

2008-10-17 Thread R C Macaulay

Howdy Horace,
Ever get the feeling there's somebody out there who's a whole lot smarter 
then us ole boys standing at the bar at the Dime Box watching a rerun of 
9-11 towers falling?
Conspiracy theorists see malevolence in matching buy and sells in the 
dark, says Larry Tabb, founder of the TABB Group, a consulting firm that 
tracks the development of electronic markets. 
http://www.forbes.com/home/opinions/2008/02/06/croesus-chronicles-darkpools-oped-cz_rl_0207croesus.html


Machivelli must be pickin' and grinnin' watching people play the game he 
invented. Of course he never mentioned that it can take years off your life 
by gettin' caught takin' sum'buddy else's change off the bar when 
supposedly, nobuddy's lookin'. But sometimes that's the only way a really 
good slick ever learns, if ever.


Richard





[Vo]:Tesla Stalls

2008-10-17 Thread Terry Blanton
http://www.nytimes.com/2008/10/16/technology/start-ups/16tesla.html

Tesla Says It Will Lay Off Employees and Delay Its All-Electric Sedan
Until 2011

By CLAIRE CAIN MILLER

SAN FRANCISCO — Tesla Motors, an electric car start-up in Silicon
Valley, said Wednesday that it would lay off employees and delay
production of its second car, the Model S. Tesla also removed its
chief executive, Ze'ev Drori, and appointed Elon Musk, the company's
chairman and principal investor, to the position.

Elon Musk, principal investor and chief executive of Tesla Motors,
with one of his company's $90,000 all-electric Roadsters.
Mr. Musk posted the changes on Tesla's Web site. He said the company
was in a critical phase and would have a positive cash flow within
nine months.

He blamed the worsening financial crisis and the credit crisis for the
upheaval. It's not an understatement to say that nearly every
business will be impacted by what has unfolded in the past weeks, Mr.
Musk wrote. The cutbacks come after warnings from Silicon Valley
venture capitalists that start-ups should slash expenses and reach
profitability as quickly as possible to survive the economic downturn.

more



[Vo]:Gravity as an Aether Cheerio effect

2008-10-17 Thread Jones Beene
There is an evolving theory, more like an evolving semanics, of what aether 
is.  

Lets begin with ZPE and its main proponent. Puthoff, without necessarily 
endorsing an aether by name, has said that there is a dynamic equilibrium 
(the ZPF) which stabilizes the electron in a set ground-state orbit. It seems 
that the very stability of matter itself appears to depend on an underlying sea 
of electromagnetic zero-point energy.  http://ldolphin.org/zpe.html

What are the objections of starting from this end and defining the aether as  
ZPF plus - IOW aether is the Dirac/Hotson epo field [by definition] in which 
the base level of energy bleed-over into higher dimensions, is defined as 
ZPE. And furthermore, one can integrate gravity as it operates on the higher 
dimensions without the need for another force. IOW there is no gravity and 
the graviton is merely an abstraction of statistical groups of epos. When 
these are asymmetric, as they often are, there is an attraction but it is 
based on geometry not a force.

In fluid mechanics, the so-called cheerio effect is the tendency for small 
floating objects to attract one another - and this is tied to a geometric 
asymmetry in surface tension and buoyancy which becomes self-reinforcing. IOW 
this kind of attraction, which is on the same order of intensity as gravity, 
and can serve as a model for it (if one can abstract it to higher dimensions) 
is tied to *geometry* and not to a separate kind of force per se.

http://en.wikipedia.org/wiki/Cheerio_effect

Under Einstein's reconception (or alternative view) of gravity, there is no 
force of gravity; instead, the curved paths that falling objects 'appear' to 
take are an illusion brought on by our inability to perceive the underlying 
curvature of the space. The objects themselves are said to be moving in 
straight lines in a hidden dimension. But that tends to isolate them from 
mutual interaction. Or at least it makes it infinitely complicated.

If there is a hidden structure - the aether of epos, and if it is very dense at 
the same time - then voila: it can provide the required curvature in an unusual 
way, based on its own geometric properties. If Einstein's gravity is a 
curvature of space-time, not a force - then any secondary attraction on that 
curved surface can be explained as a superset version of the cheerio effect - 
an asymmetric geometric effect based on surface interactions. Does this help or 
hurt the Einstein revisualization, in consort with this new kind of aether?

The Einstein-aether theory is different from this, and even if were more 
similar - it too is as controversial as anything with his name on it can be. It 
is described as a covariant generalization of general relativity which 
describes a spacetime endowed with both a metric and a unit timelike vector 
field. In effect, it is like a subject which we cannot adequately define 
anyway g (except in terms of perception). Lots of geek humor there, but 
anyway - such theory has a preferred reference frame, and so is not Lorentz 
invariant. BTW - that preferred reference frame could be a single dimension 
if there happened to be eight of them to begin with.

http://en.wikipedia.org/wiki/Einstein-aether_theory

Then there is LQG. Is it coming to the rescue or not? Loop quantum gravity is a 
quantization of a  Lagrangian field theory, equivalent to the usual 
Einstein-Cartan theory in that it leads to the same equations of motion 
describing general relativity with torsion. As such, it can be argued that LQG 
respects local Lorentz invariance. It is not clear if torsion is the timelike 
field of Einstein-aether - or not - as by the time torsion arrived, there was 
already enough controversy in the mix to turn things over to the next 
generation of theorists.

Almost everyone in 'alternative energy' likes the idea of torsion. This is not 
necessarily because it is still classified as pseudoscience, and most of us are 
contrarian to the core, but because it may provide a fundamental mechanism to 
transfer some of whatever is in the aether, out of the aether, as a power 
source. The fact that epos may have charge, torsion, density, curvature and 
gravity as inherent properties makes it all very facile to fit into somebody's 
evolving electrogravity theory, only problem is: there are becoming so many 
permutations of these ToE's ; not to mention Lisi's E8, that it boggles the 
mind.

Wouldn't it be nice and orderly to find that the base level dimension of the E8 
corresponds to this kind of epo field and that everything else builds on top of 
that? ... and if that is not crazy enough- how about time and torsion being 
interconnected? ... which is the superset?

Jones



[Vo]:a clarification

2008-10-17 Thread Edmund Storms
To any one who might be interested, Steve quoted me in the latest  
issue of NET as follows:



For example, LENR researcher Ed Storms, retired from Los Alamos  
National Laboratory, recently discouraged me from reporting all of the  
key facts of LENR research. He wrote this to me in an e-mail recently:  
“You need to be more careful in how you reveal the truth about the  
field. Eventually, the field will be big enough and so well-accepted  
that a little plainly spoken truth would not cause you any problem.”



The conclusion that Steve drew is not correct as I stated to Steve in  
a recent e-mail.


Steve,


The following statement from the latest issue of NET is not correct. I  
did not at any time discourage you from reporting ALL KEY FACTS about  
LENR. For you to get this impression is an example of your inability  
to accurately report  what I say to you and is why I do not want  
anything I say to you quoted by you.  The context of my statement was   
your report about Marianne Macy and the problems you created for  
yourself in not being sensitive to the context of your reporting.  At  
the very least, I suggest you check with people to be sure you  
understand what they are telling you rather than distort your  
reporting to fit your own agenda.  You can be a service, as you  
intend, if you are accurate in reporting the intent of a comment. In  
this case, you supplied your own interpretation of my intent, which  
was not correct.  I attempted to encourage you to be sensitive to how  
you report facts about the subject, not to discourage you from  
reporting ALL KEY FACTS.  I hope you see the difference.


Ed


Re: [Vo]:Re: OT:Pre-positioning for troubled financial times

2008-10-17 Thread Horace Heffner


On Oct 17, 2008, at 4:50 AM, Stephen A. Lawrence wrote:


I don't disagree with most of what you say here, but the drop in money
supply is something which can be accounted for conventionally.  I  
had

a couple comments, which I'll give out of order.



Horace Heffner wrote:


This theory seems to be working out to some degree.  It appears M has
been driven strongly toward zero.


This may have nothing whatsoever to do with program trading.

Very roughly speaking, the money supply is determined by the amount of
high powered money in existence (direct loans and gifts from the  
Fed)

times a multiplier.  The multiplier is determined by the reserve
requirement in effect on banks.

If the reserve requirement is 5%, then of each dollar placed in the
banking system, 95 cents is lent out.  The borrowers may stuff a  
little

of the money they borrow into a mattress (and hence take it out of
circulation), but *nearly all* of it is going to be either spent or
invested.  If it's spent, it goes to a company, and if it's  
invested, it

also goes to a company, and ultimately it works its way back to the
banking system.

Once back in the banking system, it's subject to the same reserve
requirement, and once again 95% of it is lent out  and around and
around and around we go.

The result is that the money supply can be viewed as, *very*  
approximately,


  high powered money * sum_{n=0,inf} (1 - a)^n

where a is the reserve requirement.  The sum on the right can be
evaluated by subtracting from it the same sum taken from 1 to infinity
and dividing through by (1 - (1 - a)) to obtain

  sum_{n=0,inf} (1-a)^n = (1-a)/a = 1/a - 1

With our strawman reserve requirement of 5%, that evaluates to a
factor of 19.  Thus, with a 5% reserve requirement, the money supply
might be expected to be (*very* approximately!) 19 times the amount of
money deposited in the system by the Fed.

Now, suppose there's panic or breakdown in the financial system.   
If the

bank lending rate drops because of fear among the bankers, *or* if
people panic and start removing their money from the banks (a run),
that factor of 19 can drop very quickly.  And when the lending
multiplier drops the money supply drops just as fast.

Something like this happened at the beginning of the 30's depression,
and about 2/3 of the money supply simply vanished, virtually  
overnight.

 (Or maybe it wasn't 2/3 -- I've forgotten the actual fraction, as
calculated by Friedman in some essay or other.)



The question must be asked which is the tail and which the dog, or  
more to the point whether the dog can be led by pulling the tail? A  
fast collapsing market, especially derivative markets in which the  
banks and brokerages are heavily entwined, drives the need for  
capital to cover margin calls.  The faster the market moves the  
greater the run on on the money supply - and other reserves, like  
gold.  It is ironic we are possibly in the greatest worldwide  
inflationary period ever, with gold coin products backordered,  
difficult to find and flying off the shelves, while the price of gold  
momentarily drops due to the need to cover margin calls.


The velocity of money is too high.  This prevents orderly application  
of economic principles with predictable results.  Volatility can be  
expected to go out of control unless damping factors can be engaged.







The problem with modern portfolio theory is its fundamental
assumption, that the market activity is actually based on stochastic
processes.  It is assumed that all fundamentals are known by all the
participants and very quickly priced into the market.  All that is
left is due to random fluctuations.


This is indeed the common assumption, and it is patently false.

Stock prices continue to be set largely by emotional factors, and  
stocks

which are in style are consistently overvalued while those which are
out of style are consistently undervalued.  By overvalued I mean
over a long term (say, a year) the value of stylish stocks tends to
drop relative to the market, and by undervalued I mean that over a
long term (say, a year) the value of out of style stocks tends to  
rise

relative to the market.

This has been true for as long as anyone's been studying the market  
and

it continues to the true today, as far as I can tell.



Fear and greed are underlying factors driving the stock market, but  
there is way more involved here than just a stock market, or even  
human decision making.  Computer trading is happening by rules  
derived on false principles and for circumstances which have changed  
beyond the scope of their design.





P/E ratios (and, more recently, PEG ratios) tend to tell the style
story pretty clearly.  As one trivial example, back when Sun
Microsystems' PE hit ~ 90 it was clear that it was a stylish  
stock and

its price was being supported not by perfect information, but by the
usual herd mentality among brokers.  That was a few years back but I
don't see any evidence that 

Re: [Vo]:Re: OT:Pre-positioning for troubled financial times

2008-10-17 Thread Horace Heffner
If things are damped enough for current liquidity efforts to take  
effect without causing other problems, then it seems to me a major  
initial underlying problem, i.e. the drop in housing values below  
loaned amounts, will be fixed far faster than most realize ...  
through inflation.  We'll be back to crazy consumerism in the blink  
of an eye.


Best regards,

Horace Heffner
http://www.mtaonline.net/~hheffner/






[Vo]:How to steal an election with a Diebold machine

2008-10-17 Thread Jed Rothwell

It couldn't be easier! See:

http://gizmodo.com/gadgets/gadgets/how-to-steal-an-election-with-a-diebold-machine-200693.php

- Jed



Re: [Vo]:How to steal an election with a Diebold machine

2008-10-17 Thread Stephen A. Lawrence


Edmund Storms wrote:
 Jed, do you still think these flaws were accidental, a result of
 incompetence, or just sloppy design?  Do you think the Republicans are
 not out to steal the election if they could? 

Indeed.

There was a lot of noise on the Internet after the 2004 election about
the opscan machines in Florida, but it was all misdirection.  If you
don't know what I'm talking about, read on.  (If you've heard all this
before, stop right here, this is four year old news.)

Statistics can reveal connections but not causes, and the connection was
that the right-wing northern Florida counties used opscan machines in
2004, while the left-wing southern Florida counties used Diebold E-touch
machines.  In northern Florida it's common to register as a Democrat and
then vote Republican in the presidential race.  That behavior correlated
very closely with use of the opscan machines and made it look, for all
the world, like somebody cheated when the votes were tallied.  What
wasn't obvious without a lot of work is that the weird voting patterns
predated the use of opscan and E-touch machines, and so couldn't have
been caused by them; the selective use of opscan machines, and the weird
voting patterns, were both correlated with a third factor, which was
demographic.  That same strange voting pattern existed in other southern
states, and had existed in those areas for at least a couple of
elections before 2004 (and apparently existed clear back to the
Reconstruction era, which is what it apparently stems from).

** HOWEVER ** all the heat generated by the apparent (but seemingly not
real) hanky-panky with the opscan machines obscured something important:
 The strange skew in voting patterns between northern and southern
Florida was not only natural, but should have been *larger* than it was.
 The southern Florida counties, which vote democratic, and which used
E-touch machines, went *just* *a* *little* less democratic in 2004, for
no apparent reason.  When all known factors were eliminated, something
still remained, which makes one wonder.  Here's a summary news story on
a multivariate analysis done on the southern Florida voting patterns:

http://www.computerworld.com/governmenttopics/government/policy/story/0,10801,97614,00.html

http://tinyurl.com/5zhbj

I don't have a link to the actual paper, nor do I know where it was
published; all I've read are news stories in the popular press, so I
can't comment on how airtight their analysis was.

My own analysis of northern Florida voting patterns, over which I slaved
for an enormous number of hours before concluding that the null
hypothesis was the correct one regarding opscan voting machine fraud,
may be found here (I'm sure I've posted this link here before, but that
was a long time ago):

http://physicsinsights.org/elec04.html

I only wish it hadn't taken me so long to catch onto the Dixiecrat
factor, since it appears that the grand theft of votes actually took
place in areas where I didn't look, because I wasted too much time
looking where there weren't any woozles.  (Any kind of careful analysis
of this sort of thing takes a horrible amount of time to perform, or at
any rate that's how I find it to be.)


 Do you think the people
 running the Diebold company at the time the machines were designed did
 not see the connection between helping the Republicans and their product?
 
 To me, this is the most obvious effort to steal an election that I can
 imagine and,  what is worse, it helped Bush win.  Will it work again?
 
 Ed
 
 
 On Oct 17, 2008, at 2:00 PM, Jed Rothwell wrote:
 
 It couldn't be easier! See:

 http://gizmodo.com/gadgets/gadgets/how-to-steal-an-election-with-a-diebold-machine-200693.php


 - Jed

 



Re: [Vo]:How to steal an election with a Diebold machine

2008-10-17 Thread Jed Rothwell

Edmund Storms wrote:


Jed, do you still think these flaws were accidental, a result of
incompetence, or just sloppy design?


Well, naturally I have my suspicions. Who wouldn't? But I still think 
that I cannot know the answer to this question without evidence. I 
mean evidence that would stand up in court: testimony, incriminating 
documents and the like. The only way to get such evidence would be to 
have the powers of a District Attorney or a Congressman holding a 
Congressional Investigation. I doubt that a reporter could dig up 
anything definitive. In other words, I would have to be able to 
compel witnesses to tell the truth, and I would have to have warrants 
to look for documents inside the company.


There have been such investigations by D.A.s and the Congress.

In a sense, it does not matter what brought about this situation. 
Whether it was stupidity or deliberate, the effect on elections, and 
Diebold's legal responsibility is similar, although I suppose a 
deliberate design would be a criminal offense. Knowing that the 
machine is faulty and not doing anything about it probably also a 
criminal offense. I wouldn't know about that, but if I worked there, 
I sure wouldn't keep it secret! You can bet that if anyone goes to 
jail, it will be some lowly programmer.


Here is 2004 news report:

A California court has approved a $2.6 million settlement between 
Diebold and the State of California and Alameda County. The state and 
county had sued Diebold for fraudulent claims about the security of 
its electronic voting machines. . . .


The settlement is the fruit of a suit filed in September by 
California Attorney General Bill Lockyer, who argued that Diebold was 
not truthful about the security and reliability of its electronic 
voting machines.


Lockyer, who earlier dropped a criminal probe into Diebold, claimed 
that Diebold provided Alameda County with software that was not 
certified by the government. . . .


Apparently Attorney General Lockyer decided there was not enough 
evidence for a criminal case. That does not prove there were no 
criminal offenses! It could just mean they are good at covering them up.




Do you think the Republicans are not out to steal the election if they could?


I think many of them would if they could, but who knows if have the 
guts to do it. A lot of Democrats would steal elections too. Not 
Obama as far as I know. Maybe some of his misguided supporters would . . .


Recently, I had a discussion with a Democratic party election 
official from Iowa. That is, a party member delegated to run the 
primary caucus. She and the others selected for this job are supposed 
to be neutral between Clinton, Obama and the other candidates, and to 
enforce fairness, the debate rules of order, and so on. She told me 
appalling stories of misbehavior by Clinton's supporters. They used 
old time techniques such as stuffing ballot boxes, or locking the 
doors and turning off the lights and then telling Obama supporters 
the meeting was cancelled (or 'it is already over -- you missed it, 
go home!') and then holding the meeting with their own supporters 
only. She was astounded at their chutzpah. After the caucus she was a 
firm Obama supporter. I heard of New York City districts with 
thousands of black residents that somehow did not tally a single 
Obama primary vote.



To me, this is the most obvious effort to steal an election that I 
can imagine and,  what is worse, it helped Bush win.  Will it work again?


Probably not. You can't steal an election if the vote is high enough 
against you. People will figure out what you are up to. Take, for 
example, the New York City districts that supposedly recorded no 
Obama votes. People shrugged that off during the primary election 
because everyone knew that Clinton would take New York no matter 
what. It has a bad smell, but you can't fight every injustice. On the 
other hand, if those same districts in the General Election show only 
McCain votes, and not a single Obama vote, you know there would be 
outrage, and probably widespread rioting in the streets. People would 
not stand up for that!


Obama's lead in New York is so large, I am sure there will be no 
Republican vote theft in New York in the General Election, and the 
Democrats wouldn't bother. They are sure to win. There may be theft 
in states with close elections, such as Ohio, Florida and North 
Carolina. Between the Bradley effect and likely vote theft in places 
like Ohio, I think there is a good chance that McCain will win. Obama 
has only a thin lead in any case. He is ahead by only 2% among 
likely voters (traditional). In other words, when they give weight 
to the poll data to make the distribution equal to the usual turnout, 
taking into account that older white people nearly always vote, and 
young black people seldom do, then Obama's advantage is only 2% with 
2% margin of error. (This a perfectly legitimate statistical analysis 
technique. It isn't as 

Re: [Vo]:How to steal an election with a Diebold machine

2008-10-17 Thread Jones Beene
Whoa -


Do you think the Republicans are not out to steal the election if they could?


Why them and not the Dems? 

I do not think either party has a monopoly on dishonesty or dirty tricks.

Now that the machine has been reversed engineered, etc. and done so at 
Universities - (where there is a decided liberal bias) I would actually suspect 
that it would be far more likely that the bad-apples among young Dems would try 
to steal votes -

... and might even use the assumption that Diebold was possibly at blame in 
Ohio, years ago for the other side to either get revenge or to play a kind of 
sneaky double-cross. 

I know lots of IT professionals and programmers, and can say absolutely and 
without question that most of them are strongly for Obama in this state. The 
boss may be for McCain, or the guy who signs the checks, and that creates an 
unusual situation. 

This may not be true elsewhere, but an election official who allowed the memory 
card in a machine to be switched, even if it was supposed to benefit his choice 
- could never really know who it might favor in the end .



Re: [Vo]:How to steal an election with a Diebold machine

2008-10-17 Thread Jed Rothwell

Jones Beene wrote:

Do you think the Republicans are not out to steal the election if 
they could?



Why them and not the Dems?


Well, in recent history going back to Nixon and the plumbers, 
Republicans have been more inclined to cheat than Democrats. Or at 
least, they have gotten caught more often. Of course there have been 
many corrupt Democrats and Democratic machine politics.


This is very broad sociological generalization -- and such 
generalizations always have many, many exceptions -- but modern 
Republicans tend to be authoritarian, and authoritarian personalities 
tend to be more open to making their own rules, which the rest of us 
call cheating. They do not see it that way. See:


The Authoritarians

http://home.cc.umanitoba.ca/~altemey/


This may not be true elsewhere, but an election official who allowed 
the memory card in a machine to be switched, even if it was supposed 
to benefit his choice - could never really know who it might favor in the end .


It should not be difficult to arrange a test. You put the card in a 
regular computer to program the bias. You command it: shift 3% of 
Obama votes to McCain. Then you run it in a dummy election to be 
sure the bias you programmed in takes effect. Of course you can fake 
the program and verification too, but the person writing this program 
would presumably be a co-conspirator. Or a well-paid Russian hacker 
who doesn't care who wins a U.S. election, but who does want the last 
installment to be paid in full after the election. Plus he doesn't 
want the Russian Mafia contractors coming after him. You can probably 
detect computer voter machine fraud accurately with exit polls. If 
the programmer played games or did not implement the program as 
agreed to, the person paying for the 3% bias would see that it did 
not happen. Or he would see it go the other way toward the rival 
candidate, and he would get upset.


Even though most intellectuals and programmers probably support Obama 
in this election, there are plenty who do not.


- Jed



Re: [Vo]:How to steal an election with a Diebold machine

2008-10-17 Thread Edmund Storms


On Oct 17, 2008, at 3:52 PM, Jones Beene wrote:


Whoa -


Do you think the Republicans are not out to steal the election if  
they could?



Why them and not the Dems?


In this case, the owner of Diebold was a strong supporter of the  
Republicans.  This requires the Democrats to use other methods because  
their people did not built the machines.



I do not think either party has a monopoly on dishonesty or dirty  
tricks.


No, but the Republicans have shown a greater tendency to use such  
tricks in recent times because they could get away with doing this.  
The issue is not who is more honest, because both parties are equally  
corrupt. The issue is what will happen during this election.  The  
Republicans are still operating under the moral principles of Carl  
Rove, which makes them more likely to go dirty.



Now that the machine has been reversed engineered, etc. and done so  
at Universities - (where there is a decided liberal bias) I would  
actually suspect that it would be far more likely that the bad- 
apples among young Dems would try to steal votes -


Perhaps



... and might even use the assumption that Diebold was possibly at  
blame in Ohio, years ago for the other side to either get revenge or  
to play a kind of sneaky double-cross.


Now we are talking about karma.

Ed



I know lots of IT professionals and programmers, and can say  
absolutely and without question that most of them are strongly for  
Obama in this state. The boss may be for McCain, or the guy who  
signs the checks, and that creates an unusual situation.


This may not be true elsewhere, but an election official who allowed  
the memory card in a machine to be switched, even if it was supposed  
to benefit his choice - could never really know who it might favor  
in the end .