Distribution of Absolute Value of Half Hourly Changes for S&P Futures, from Victor Niederhoffer
The recent distribution is as follows:
. 8 22 8 21 8 20 8 19 8 18
. 10 +
7.5 - 10.0 1
5.0 - 7.5 5 1
2.5 - 5.0 5 2 5 2 3
. 0 - 2.5 9 11 4 12 9
The distribution of changes has many interesting implications. But to me it highlights the aburdity of going down a googol on PPI and up a googol on Bernanke's comments that inflation numbers should be better in the future.