Investing Talk
Investing Talk
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Mars surface warmed at close to same rate as Earth
Goto page 1, 2  Next
 
Post new topic   Reply to topic    Investing Talk Forum Index -> Mutual Funds
View previous topic :: View next topic  
Author Message
jose.bailen@gmail.com
Guest





PostPosted: Thu Apr 05, 2007 1:16 am    Post subject: Mars surface warmed at close to same rate as Earth Reply with quote

.....and that CANNOT be atributed to human activity (in any case,
Martian activity):

http://www.news.com.au/story/0,23599,21506814-2,00.html


Mars in global warming debate

By Leigh Dayton
April 05, 2007 12:00am


Mars surface warmed at close to same rate as Earth
Sceptics say human impact on warming a myth
International climate change report released tomorrow

CLIMATE change sceptics have seized on news that Mars is heating up to
back their claim that humans are not causing Earthly global warming.

The research comes from US planetary scientists, who suggest the Red
Planet warmed by about 0.65C from the 1970s to the 1990s, similar to
Earth's 0.6C average temperature rise during the 20th Century.

"It could be coincidental or it might be the needle in the haystack,"
said climatologist William Kininmonth, former head of the National
Climate Centre in Melbourne.

"It's an interesting observation, as it's the same time period as
Earth's temperature has been warming."

Mr Kininmonth said the research, published in the journal Nature,
showed there was enough natural climate variability to account for
global warming on Earth.

Not so, claimed Neville Nicholls, a climate scientist at Monash
University in Melbourne.

"The paper is interesting but it hasn't got anything to do with the
question of human impact on global warming on Earth," Dr Nicholls
said.

"It's not an excuse to argue that humans are not causing global
warming on Earth."

The research was done by a team led by Lori Fenton of the NASA Ames
Research Centre at Moffett Field, California.

They used a computer model based on those devised to study global
warming on Earth, adding Martian features such as a cold, airless
surface and a shifting south polar ice cap while subtracting Earth's
oceans and atmosphere.

Dr Fenton's group found that annual variation in the solar radiation
reflected from the surface of Mars - its "albedo" - contributed to the
warming by causing more blowing dust.

Over the past 30 years the dust swept clean large swaths of the
planet's surface, reducing reflected radiation.

The result was a "positive feedback loop" between dust, wind, albedo
and temperature.

"It's a nice piece of work," said UNSW climate scientist Andy Pitman.

"But there are no implications for Earth."

Professor Pitman was lead author of the climate modelling section of
the Intergovernmental Panel on Climate Change report released in
February.

Professor Pitman disputed Associate Professor Franks' claim that
changes in Earth's albedo had a bigger influence on climate than
greenhouse gases such as carbon dioxide.

"Albedo is included in climate models," Professor Pitman said.

"It can have a local effect but cannot explain the observed warming
record."

The Nature paper comes on the eve of the second report from the fourth
IPCC review, set to be released tomorrow night.
Back to top
  Ads
Advertising
Sponsor


PeterL
Guest





PostPosted: Thu Apr 05, 2007 2:07 am    Post subject: Re: Mars surface warmed at close to same rate as Earth Reply with quote

On Apr 4, 1:16 pm, "jose.bai...@gmail.com" <jose.bai...@gmail.com>
wrote:
Quote:

Mars surface warmed at close to same rate as Earth
Sceptics say human impact on warming a myth
International climate change report released tomorrow


How can something be "released tomorrow"?

If this is the level of editing of a "professional" news organization,
I highly doubt the factual basis of this report.
Back to top
  Ads
Advertising
Sponsor


jose.bailen@gmail.com
Guest





PostPosted: Thu Apr 05, 2007 3:19 am    Post subject: Re: Mars surface warmed at close to same rate as Earth Reply with quote

On Apr 4, 11:07 pm, "PeterL" <po.n...@gmail.com> wrote:
Quote:
On Apr 4, 1:16 pm, "jose.bai...@gmail.com" <jose.bai...@gmail.com

Mars surface warmed at close to same rate as Earth
Sceptics say human impact on warming a myth
International climate change report released tomorrow

How can something be "released tomorrow"?

If this is the level of editing of a "professional" news organization,
I highly doubt the factual basis of this report.

The Nature paper will be released tomorrow, but these are the main
results. Usually, when you publish a paper in a prestigious scientific
journal -as Nature-, you have first a working paper that is discussed
in seminars. Once the comments of the scientifc community are
considered, you send the paper to the journal, which reviews it -
through anonymous referees and decides to publishit or not, depending
on its quality and contribution to the specific scientific field of
the journal.

This means that the paper has been circulated well before it is
finally published. This is quite normal. The fact that Nature decided
to publish it means that there is little or no doubt about its
scientific worth.

The key part of this piece of news is this one:

"It's an interesting observation, as it's the same time period as
Earth's temperature has been warming. Mr Kininmonth said the research,
published in the journal Nature, showed there was enough natural
climate variability to account for
global warming on Earth."

That was exactly what I claimed in a debate about global warming a few
weeks ago, and I almost got burned at the stake because of such
"heretical" views.
Back to top
  Ads
Advertising
Sponsor


TK
Guest





PostPosted: Thu Apr 05, 2007 3:39 am    Post subject: Re: Mars surface warmed at close to same rate as Earth Reply with quote

On Apr 4, 1:16 pm, "jose.bai...@gmail.com" <jose.bai...@gmail.com>
wrote:
Quote:
....and that CANNOT be atributed to human activity (in any case,
Martian activity):

....wouldn't expect any less from a person who thinks buy-low/sell-high

is not a market timing.b
Back to top
  Ads
Advertising
Sponsor


Mark Freeland
Guest





PostPosted: Thu Apr 05, 2007 5:20 am    Post subject: Re: Mars surface warmed at close to same rate as Earth Reply with quote

<jose.bailen@gmail.com> wrote in message
news:1175725161.813698.297010@l77g2000hsb.googlegroups.com...
Quote:
On Apr 4, 11:07 pm, "PeterL" <po.n...@gmail.com> wrote:
On Apr 4, 1:16 pm, "jose.bai...@gmail.com" <jose.bai...@gmail.com

Mars surface warmed at close to same rate as Earth
Sceptics say human impact on warming a myth
International climate change report released tomorrow

How can something be "released tomorrow"?

It's not uncommon in publishing to have a publication date in the future.
Look at the dates on magazines (and journals), and compare them with their
actual releases. I believe that Stroustrup's original C++ book was released
with a copyright in the next year.

Quote:
If this is the level of editing of a "professional" news organization,
I highly doubt the factual basis of this report.

The more serious problem is that what you are reading is a news report about
a published paper (and it is already available online); there are maybe two
sentences in the news report speaking directly about the contents of the
paper. That's second hand, and nothing else in the news article about the
publication is peer-reviewed.

Quote:
The Nature paper will be released tomorrow,
actually today, or earlier, as noted above


Quote:
but these are the main
results.

I see only one result from the paper (Mars getting warmer due to dust storms
in the 70s; the rest of the reporting is detail on how this result,
singular, was arrived at).

Quote:
Usually, when you publish a paper in a prestigious scientific
journal -as Nature-, you have first a working paper that is discussed
in seminars. Once the comments of the scientifc community are
considered, you send the paper to the journal, which reviews it -
through anonymous referees and decides to publishit or not, depending
on its quality and contribution to the specific scientific field of
the journal.

So well reviewed that they already need an errata section:
http://www.nature.com/nature/journal/v446/n7136/full/nature05791.html

Here's the abstract; why not go to the original source?
http://www.nature.com/nature/journal/v446/n7136/abs/nature05718.html

Quote:
"It's an interesting observation, as it's the same time period as
Earth's temperature has been warming. Mr Kininmonth said the research,
published in the journal Nature, showed there was enough natural
climate variability to account for
global warming on Earth."

That was exactly what I claimed in a debate about global warming a few
weeks ago, and I almost got burned at the stake because of such
"heretical" views.

This is not part of the peer-reviewed publication, but rather part of a
small news blurb.

If you're going to cite news articles, then why not cite the news article in
Nature itself? One that also points out problems in the methodology as well
as conclusions that might be drawn from it.

"The warming on Mars is likely to be seized by climate-change sceptics here
on Earth - if Mars is hotting up even without any cars or pollution, then
perhaps the Sun or some other natural, Solar-System-wide factor is to
blanme. But to infer that would be 'crazy' says [Phil] Christiansen [a
planetary scientist at Arizona State University]."

This is the only nod that Nature gives to this study supporting no
human-based global warming. The quote is followed by a link to a column in
Nature explaining why using this paper to refute global warming is absurd.
http://www.nature.com/news/2007/070402/full/070402-5.html

Thanks for pointing out the Nature publications. They, um, warm things up.

Mark Freeland
BnetOnewsX@sbcglobal.net
Back to top
  Ads
Advertising
Sponsor


David
Guest





PostPosted: Thu Apr 05, 2007 12:21 pm    Post subject: Re: Mars surface warmed at close to same rate as Earth Reply with quote

On Apr 4, 11:19 pm, "jose.bai...@gmail.com" <jose.bai...@gmail.com>
wrote:
Quote:
On Apr 4, 11:07 pm, "PeterL" <po.n...@gmail.com> wrote:

On Apr 4, 1:16 pm, "jose.bai...@gmail.com" <jose.bai...@gmail.com
Mars surface warmed at close to same rate as Earth
Sceptics say human impact on warming a myth
International climate change report released tomorrow
How can something be "released tomorrow"?

If this is the level of editing of a "professional" news organization,
I highly doubt the factual basis of this report.

The Nature paper will be released tomorrow, but these are the main
results. Usually, when you publish a paper in a prestigious scientific
journal -as Nature-, you have first a working paper that is discussed
in seminars. Once the comments of the scientifc community are
considered, you send the paper to the journal, which reviews it -
through anonymous referees and decides to publishit or not, depending
on its quality and contribution to the specific scientific field of
the journal.

This means that the paper has been circulated well before it is
finally published. This is quite normal. The fact that Nature decided
to publish it means that there is little or no doubt about its
scientific worth.

The key part of this piece of news is this one:

"It's an interesting observation, as it's the same time period as
Earth's temperature has been warming. Mr Kininmonth said the research,
published in the journal Nature, showed there was enough natural
climate variability to account for
global warming on Earth."

That was exactly what I claimed in a debate about global warming a few
weeks ago, and I almost got burned at the stake because of such
"heretical" views.

Why so puzzled that we don't take your views on climate change
seriously? Why would we prefer your view over that of the consensus
view of hundreds of climate change scientists, meteorologists and
fluid dynamicists? It's a no contest between the scientists and a semi-
retired economist with no training or experience in climate change or
any other scientific field.

Come to that, how are you doing on economics? Your 19 share small cap
value set posted on 19 Oct 2006 currently lags the S&P500 by 9.2%
after five and a half months. Hmmm... Perhaps you should concentrate
on the day job Smile
Back to top
  Ads
Advertising
Sponsor


jose.bailen@gmail.com
Guest





PostPosted: Thu Apr 05, 2007 1:11 pm    Post subject: Re: Mars surface warmed at close to same rate as Earth Reply with quote

On Apr 5, 12:39 am, "TK" <sung...@gmail.com> wrote:
Quote:
On Apr 4, 1:16 pm, "jose.bai...@gmail.com" <jose.bai...@gmail.com
wrote:> ....and that CANNOT be atributed to human activity (in any case,
Martian activity):

...wouldn't expect any less from a person who thinks buy-low/sell-high
is not a market timing.

Buy low/sell high is market timing. Buy undervalued stocks (regardless
of their price)/sell overvalued stocks is NOT market timing. I'm sorry
if your IQ doesn't allow you to distinguish between these two
strategies.
Back to top
  Ads
Advertising
Sponsor


jose.bailen@gmail.com
Guest





PostPosted: Thu Apr 05, 2007 1:26 pm    Post subject: Re: Mars surface warmed at close to same rate as Earth Reply with quote

On Apr 5, 9:21 am, "David" <d...@wilkinson6337.freeserve.co.uk> wrote:
Quote:
On Apr 4, 11:19 pm, "jose.bai...@gmail.com" <jose.bai...@gmail.com

Why so puzzled that we don't take your views on climate change
seriously? Why would we prefer your view over that of the consensus
view of hundreds of climate change scientists, meteorologists and
fluid dynamicists? It's a no contest between the scientists and a semi-
retired economist with no training or experience in climate change or
any other scientific field.

I don't care about the consensus view about anything. Someone who
follows the herd and thinks that something is right just because many
people think is right is an idiot. I like to see both sides of an
argument on every issue (there are always two sides, even if one is
followed by 90% of the community), see what are their reasons, and
then take a position. In the case of the global warming debate, while
global warming is undisputed -as the empirical evidence shows- the
argument is whether it is man-made or due to other reasons. I haven't
seen any conclusive evidence that shows that it is man-made, and given
what we see in other planets in the solar system like Mars with no
human activity at all, most likely the warming is caused by natural
processes.

Quote:
Come to that, how are you doing on economics? Your 19 share small cap
value set posted on 19 Oct 2006 currently lags the S&P500 by 9.2%
after five and a half months. Hmmm... Perhaps you should concentrate
on the day job Smile

Whatever. I've said so many times that the weights/time of the
purchase of this subset of my 35 stock portfolio are wrong that I'm
not going to repeat myself. Not that I give a dam about the five month
performance of any stock or portfolio..The long term wisdom of my
investment decisions is shown by the fact that I'm actually semi
retired (the few hours I work every week is just because I like the
work, not because I need the $$$). How many people can do this, at my
age???
Back to top
  Ads
Advertising
Sponsor


darkness39
Guest





PostPosted: Thu Apr 05, 2007 1:28 pm    Post subject: Re: Mars surface warmed at close to same rate as Earth Reply with quote

Jose

As you are probably aware, these 'there is no global warming because
of X...' theories come round in cycles. They circulate around, and
get picked up an promulgated.

I think therefore we should go back to the last cycle of this, and see
what was said then by responsible climate scientists, as below.

D.


http://www.realclimate.org/index.php/archives/2005/10/global-warming-on-mars/

5 Oct 2005
Global warming on Mars?
Filed under:

* Climate Science
* Sun-earth connections
* Climate modelling
* FAQ

- group @ 11:21 am - (fr flag)

Guest contribution by Steinn Sigurdsson.

Recently, there have been some suggestions that "global warming" has
been observed on Mars (e.g. here). These are based on observations of
regional change around the South Polar Cap, but seem to have been
extended into a "global" change, and used by some to infer an external
common mechanism for global warming on Earth and Mars (e.g. here and
here). But this is incorrect reasoning and based on faulty
understanding of the data.


A couple of basic issues first : the Martian year is about 2 Earth
years (687 days). Currently it is late winter in Mars's northern
hemisphere, so late summer in the southern hemisphere. Martian
eccentricity is about 0.1 - over 5 times larger than Earth's, so the
insolation (INcoming SOLar radiATION) variation over the orbit is
substantial, and contributes significantly more to seasonality than on
the Earth, although Mars's obliquity (the angle of its spin axis to
the orbital plane) still dominates the seasons. The alignment of
obliquity and eccentricity due to precession is a much stronger effect
than for the Earth, leading to "great" summers and winters on time
scales of tens of thousands of years (the precessional period is
170,000 years). Since Mars has no oceans and a thin atmosphere, the
thermal inertia is low, and Martian climate is easily perturbed by
external influences, including solar variations. However, solar
irradiance is now well measured by satellite and has been declining
slightly over the last few years as it moves towards a solar minimum.

So what is causing Martian climate change now? Mars has a relatively
well studied climate, going back to measurements made by Viking, and
continued with the current series of orbiters, such as the Mars Global
Surveyor. Complementing the measurements, NASA has a Mars General
Circulation Model (GCM) based at NASA Ames. (NB. There is a good
"general reader" review of modeling the Martian atmosphere by Stephen
R Lewis in Astronomy and Geophysics, volume 44 issue 4. pages 6-14.)

Globally, the mean temperature of the Martian atmosphere is
particularly sensitive to the strength and duration of hemispheric
dust storms, (see for example here and here). Large scale dust storms
change the atmospheric opacity and convection; as always when
comparing mean temperatures, the altitude at which the measurement is
made matters, but to the extent it is sensible to speak of a mean
temperature for Mars, the evidence is for significant cooling from the
1970's, when Viking made measurements, compared to current
temperatures. However, this is essentially due to large scale dust
storms that were common back then, compared to a lower level of
storminess now. The mean temperature on Mars, averaged over the
Martian year can change by many degrees from year to year, depending
on how active large scale dust storms are.

In 2001, Malin et al published a short article in Science
(subscription required) discussing MGS data showing a rapid shrinkage
of the South Polar Cap. Recently, the MGS team had a press release
discussing more recent data showing the trend had continued. MGS 2001
press release MGS 2005 press release. The shrinkage of the Martian
South Polar Cap is almost certainly a regional climate change, and is
not any indication of global warming trends in the Martian atmosphere.
Colaprete et al in Nature 2005 (subscription required) showed, using
the Mars GCM, that the south polar climate is unstable due to the
peculiar topography near the pole, and the current configuration is on
the instability border; we therefore expect to see rapid changes in
ice cover as the regional climate transits between the unstable
states.

Thus inferring global warming from a 3 Martian year regional trend is
unwarranted. The observed regional changes in south polar ice cover
are almost certainly due to a regional climate transition, not a
global phenomenon, and are demonstrably unrelated to external forcing.
There is a slight irony in people rushing to claim that the glacier
changes on Mars are a sure sign of global warming, while not being
swayed by the much more persuasive analogous phenomena here on
Earth...
Back to top
  Ads
Advertising
Sponsor


darkness39
Guest





PostPosted: Thu Apr 05, 2007 1:32 pm    Post subject: Re: Mars surface warmed at close to same rate as Earth Reply with quote

http://illconsidered.blogspot.com/2006/02/theres-global-warming-on-mars-too.html

(HTML links embedded in the original to follow up references)


There's Global Warming on Mars Too

(Part of the How to Talk to a Climate Sceptic guide)

Objection:
Global warming is happening on Mars and Pluto as well. Since there are
no SUV's on Mars, CO2 can't be causing Global Warming.

This is quite rich. One hundred years of weather station temperature
data all over the globe and these guys still don't buy it. Three
photos of one piece of ice on Mars and they have no doubts! As for
Pluto, it hasn't even completed one orbit in the 150 years we've been
reading the thermometers here on Earth! Still, avoid the temptation to
laugh out loud...

Answer:
Warming on another planet would be an interesting coincidence but it
does not necessarily have to have the same cause. The only relevant
factor the Earth and Mars share is the sun, so if the warming were
real and related it would have to be due to the sun. The sun is being
watched and measured very carefully back here on earth and it is not
the primary cause of the current climate change.

As for this alledged finding, there is very little evidence to go on
when it comes to discerning a global climate change on Mars. The only
evidence out there that I am aware of is a series of photographs of a
single icey region in the southern hemisphere that shows melting over
a two year (~1 martian year) period. Here on earth we have direct
measurements from all over the globe, widespread glacial retreat,
reduction of sea ice and satellite measurements of the lower
troposphere up to the stratosphere. To compare this mountain of data
to a few photographs of a single region strains credulity. In fact,
scientists studying Mars believe this is a regional change caused by
Mars' own orbital cycles.

See Global Warming on Mars? from Real Climate for more details.

As for Pluto, a cursory glance at Pluto's orbit and atmosphere reveals
how ridiculous it is to draw any conclusions about climate, much less
climate change, from two occultation observations 14 years apart way
out there in the ice cold and lonely Kuiper Belt!

Back to Mars, here is a nice and succint way to compare the available
evidence:

On Earth, we have poles melting, surface temperature rising,
tropospheric temperatures rising, permafrost melting, glaciers world
wide melting, CO2 concentrations increasing, borehole analysis showing
warming, sea ice receding, proxy reconstructions showing warming, sea
level rising, sea surface temperatures rising, energy imbalance, ice
sheets melting and stratosphere cooling which leads us to believe we
have GHG driven global warming.

One Mars we have one spot melting which leads us to believe...one spot
is melting.
Back to top
  Ads
Advertising
Sponsor


David
Guest





PostPosted: Thu Apr 05, 2007 3:15 pm    Post subject: Re: Mars surface warmed at close to same rate as Earth Reply with quote

On Apr 5, 9:26 am, "jose.bai...@gmail.com" <jose.bai...@gmail.com>
wrote:
Quote:
On Apr 5, 9:21 am, "David" <d...@wilkinson6337.freeserve.co.uk> wrote:

On Apr 4, 11:19 pm, "jose.bai...@gmail.com" <jose.bai...@gmail.com
Why so puzzled that we don't take your views on climate change
seriously? Why would we prefer your view over that of the consensus
view of hundreds of climate change scientists, meteorologists and
fluid dynamicists? It's a no contest between the scientists and a semi-
retired economist with no training or experience in climate change or
any other scientific field.

I don't care about the consensus view about anything. Someone who
follows the herd and thinks that something is right just because many
people think is right is an idiot. I like to see both sides of an
argument on every issue (there are always two sides, even if one is
followed by 90% of the community), see what are their reasons, and
then take a position. In the case of the global warming debate, while
global warming is undisputed -as the empirical evidence shows- the
argument is whether it is man-made or due to other reasons. I haven't
seen any conclusive evidence that shows that it is man-made, and given
what we see in other planets in the solar system like Mars with no
human activity at all, most likely the warming is caused by natural
processes.

What makes you think you know enough to even assess the evidence?

Climate change is a very complex scientific field where the layman has
no worthwhile view. For instance as a very simple example, how
accurately can the flow of water at moderate speed and room
temperature through a pipe with a right-angled bend in it be
predicted? What are the governing equations? Can they be solved
exactly and if not, why not? Ignore possible cavitation and evolution
of disolved air.

Quote:
Come to that, how are you doing on economics? Your 19 share small cap
value set posted on 19 Oct 2006 currently lags the S&P500 by 9.2%
after five and a half months. Hmmm... Perhaps you should concentrate
on the day job :-)

Whatever. I've said so many times that the weights/time of the
purchase of this subset of my 35 stock portfolio are wrong that I'm
not going to repeat myself. Not that I give a dam about the five month
performance of any stock or portfolio..The long term wisdom of my
investment decisions is shown by the fact that I'm actually semi
retired (the few hours I work every week is just because I like the
work, not because I need the $$$). How many people can do this, at my
age???

You insisted on posting what you said at the time were 19 small cap
value stocks that had passed all your additional screens and had good
long term prospects. They have done badly from day one and have never
shown any sign of equalling the S&P500, let alone beating it. And I
probably underestimated the bid-to-ask spreads so the actual
performance is probably even worse than the present 9.2% down. Of
course you can always say they need more time, and there is no answer
to that other than to keep following them and see if they recover in
the end.
Back to top
  Ads
Advertising
Sponsor


jose.bailen@gmail.com
Guest





PostPosted: Thu Apr 05, 2007 5:53 pm    Post subject: Re: Mars surface warmed at close to same rate as Earth Reply with quote

On Apr 5, 12:15 pm, "David" <d...@wilkinson6337.freeserve.co.uk>
wrote:

Quote:

What makes you think you know enough to even assess the evidence?
Climate change is a very complex scientific field where the layman has
no worthwhile view. For instance as a very simple example, how
accurately can the flow of water at moderate speed and room
temperature through a pipe with a right-angled bend in it be
predicted? What are the governing equations? Can they be solved
exactly and if not, why not? Ignore possible cavitation and evolution
of disolved air.


Of course I don't know enough about climate change. What I know is 1/
There is strong evidence about global warming. There is scientific
consensus in this area; 2/ There is no consensus regarding the causes
of global warming. 3/ There are scientific studies that show that
global warming could be fully explained through natural causes.

Quote:

You insisted on posting what you said at the time were 19 small cap
value stocks that had passed all your additional screens and had good
long term prospects. They have done badly from day one and have never
shown any sign of equalling the S&P500, let alone beating it. And I
probably underestimated the bid-to-ask spreads so the actual
performance is probably even worse than the present 9.2% down. Of
course you can always say they need more time, and there is no answer
to that other than to keep following them and see if they recover in
the end.

You said the key word here: LONG TERM prospects. 5 months is NOT long
term, not even one year. About 40% of the time -i.e., almost 1/2 of
the time- small cap value stocks underperform the S&P500, and the
variability of these returns is much higher than the market average.
Value stocks have better long term performance, but they can
underperform the market for a long time (for instance, the 1990s,
growth stocks did better than value stocks). So, for me, the fact that
I underperformed the market by about 3 percent until now (that's the
actual figure, and I can provide details of how I got to this) is
meaningless.

Again, this is the performance of different stock types (small high
BtM is small value):

Average Value Weighted Returns -- Annual
Small Big
Low BtM 2 High BtM Low 2 High
1927 27.45% 23.70% 29.11% 36.64% 21.15% 27.60%
1928 27.67% 33.95% 35.37% 38.19% 27.60% 22.31%
1929 -62.98% -36.67% -45.90% -21.74% 0.76% -4.50%
1930 -44.30% -38.85% -60.48% -30.63% -34.66% -56.83%
1931 -53.32% -65.99% -72.69% -44.44% -92.18% -86.49%
1932 -5.17% -8.92% 3.55% -7.60% -18.31% -4.43%
1933 97.89% 78.83% 81.28% 36.62% 63.85% 76.46%
1934 29.39% 18.05% 7.72% 10.21% -2.94% -24.55%
1935 39.17% 56.46% 43.05% 35.11% 38.61% 41.06%
1936 32.45% 39.81% 55.93% 23.44% 32.16% 39.58%
1937 -66.88% -66.65% -70.20% -42.08% -38.46% -52.27%
1938 38.31% 36.45% 22.75% 28.61% 18.51% 22.86%
1939 9.60% 1.23% -4.05% 7.32% -3.52% -14.12%
1940 -1.69% -1.66% -11.08% -10.17% -3.95% -2.53%
1941 -18.13% -11.46% -4.79% -13.44% -5.46% -1.19%
1942 15.65% 24.67% 30.20% 12.70% 16.05% 28.82%
1943 38.06% 43.81% 65.92% 19.56% 29.24% 36.33%
1944 33.94% 33.80% 40.84% 14.87% 19.69% 35.47%
1945 49.24% 47.01% 54.51% 27.55% 32.72% 40.44%
1946 -13.28% -10.14% -7.73% -7.45% -1.66% -8.53%
1947 -8.90% -2.33% 5.05% 3.48% 4.45% 8.44%
1948 -8.19% -7.21% -2.73% 3.64% 1.59% 4.64%
1949 21.92% 20.43% 19.48% 21.01% 14.76% 15.66%
1950 27.08% 27.69% 41.24% 20.41% 27.28% 45.10%
1951 15.51% 14.14% 11.63% 18.25% 22.42% 12.58%
1952 6.93% 9.50% 8.83% 12.26% 12.57% 18.45%
1953 0.42% -0.97% -6.61% 2.23% 0.53% -8.29%
1954 35.70% 47.69% 49.03% 39.05% 39.34% 57.53%
1955 13.72% 18.76% 21.42% 25.18% 17.34% 25.86%
1956 7.66% 7.47% 5.81% 6.36% 12.22% 4.23%
1957 -18.55% -16.02% -17.65% -9.32% -8.50% -26.38%
1958 56.57% 45.57% 52.72% 34.68% 37.56% 54.26%
1959 18.25% 18.55% 16.52% 12.33% 9.50% 17.38%
1960 -2.76% -0.93% -5.91% -2.22% 7.84% -9.08%
1961 19.13% 26.52% 27.27% 23.41% 23.59% 25.60%
1962 -22.21% -16.81% -9.82% -11.37% -5.98% -3.35%
1963 7.29% 15.33% 25.43% 19.80% 15.83% 28.37%
1964 7.77% 16.22% 20.74% 13.51% 18.58% 17.83%
1965 30.54% 28.75% 34.95% 12.63% 9.57% 20.45%
1966 -5.99% -6.26% -7.63% -11.46% -6.05% -11.05%
1967 64.04% 54.65% 51.83% 25.59% 14.67% 27.64%
1968 28.20% 33.97% 37.99% 3.88% 14.70% 23.74%
1969 -28.08% -26.11% -30.02% 2.96% -18.58% -17.92%
1970 -23.91% -8.22% 6.32% -5.88% 7.74% 9.82%
1971 23.29% 19.19% 13.56% 21.69% 5.69% 12.58%
1972 -0.06% 7.55% 6.86% 19.46% 10.45% 17.15%
1973 -60.72% -39.63% -32.17% -24.40% -9.24% -4.26%
1974 -39.08% -30.64% -20.32% -34.67% -25.95% -26.27%
1975 47.57% 45.79% 45.68% 29.51% 35.00% 43.94%
1976 32.58% 38.61% 47.11% 16.00% 34.41% 36.62%
1977 17.09% 16.94% 20.88% -10.06% -0.81% 1.39%
1978 16.13% 19.06% 19.93% 6.73% 6.66% 3.67%
1979 40.01% 31.36% 32.45% 15.26% 21.03% 20.66%
1980 42.13% 26.71% 20.16% 30.31% 31.15% 15.23%
1981 -11.52% 12.91% 15.94% -7.87% -7.73% 13.24%
1982 17.70% 28.94% 34.49% 19.59% 16.53% 24.12%
1983 17.88% 33.83% 39.25% 13.62% 22.50% 24.06%
1984 -14.93% 2.32% 7.99% -0.66% 5.53% 14.69%
1985 25.36% 29.93% 28.33% 28.14% 27.93% 27.38%
1986 2.36% 9.49% 13.25% 13.66% 18.31% 19.33%
1987 -14.42% -4.23% -6.30% 7.15% 3.30% -2.22%
1988 13.55% 24.89% 26.80% 11.93% 16.34% 22.94%
1989 17.92% 16.53% 15.24% 30.90% 22.60% 25.72%
1990 -20.70% -19.26% -26.88% 1.13% -5.68% -14.49%
1991 42.93% 38.27% 34.10% 35.80% 20.03% 24.33%
1992 4.55% 20.32% 30.15% 6.12% 9.32% 21.13%
1993 10.08% 18.47% 24.06% 0.85% 15.61% 20.14%
1994 -6.94% 0.24% 0.15% 2.57% 1.00% -5.88%
1995 25.31% 24.97% 28.32% 32.03% 32.66% 31.17%
1996 8.87% 20.24% 21.57% 20.36% 22.74% 13.69%
1997 9.54% 27.56% 32.50% 26.74% 31.54% 23.91%
1998 -1.50% -5.74% -1.37% 33.27% 7.24% 18.48%
1999 38.25% 19.65% 7.46% 23.74% 5.66% -0.69%
2000 -26.64% 17.65% 19.98% -14.51% 15.61% 18.98%
2001 -0.12% 15.53% 20.30% -15.77% -1.29% -0.68%
2002 -38.71% -12.47% -9.49% -25.58% -16.59% -28.94%
2003 43.64% 40.49% 49.51% 24.61% 26.77% 24.63%
2004 14.07% 18.54% 19.38% 7.21% 13.77% 18.27%
2005 -0.66% 8.48% 8.76% 3.98% 7.94% 10.99%

Average 9.13% 13.79% 15.48% 9.58% 10.55% 12.38%
STDEV 29.7% 26.2% 28.6% 19.4% 21.0% 25.2%
Max 97.89% 78.83% 81.28% 39.05% 63.85% 76.46%
Min -66.88% -66.65% -72.69% -44.44% -92.18% -86.49%
Back to top
  Ads
Advertising
Sponsor


kaspakhine
Guest





PostPosted: Thu Apr 05, 2007 9:19 pm    Post subject: Re: Mars surface warmed at close to same rate as Earth Reply with quote

On Apr 5, 1:11 am, "jose.bai...@gmail.com" <jose.bai...@gmail.com>
wrote:
Quote:
On Apr 5, 12:39 am, "TK" <sung...@gmail.com> wrote:

On Apr 4, 1:16 pm, "jose.bai...@gmail.com" <jose.bai...@gmail.com
wrote:> ....and that CANNOT be atributed to human activity (in any case,
Martian activity):
...wouldn't expect any less from a person who thinks buy-low/sell-high
is not a market timing.

Buy low/sell high is market timing. Buy undervalued stocks (regardless
of their price)/sell overvalued stocks is NOT market timing. I'm sorry
if your IQ doesn't allow you to distinguish between these two
strategies.

I tend to agree with TK here, although his short replies may
not be that clear.

To me, any fundamental/technical/combination analysis
used to make buy and sell decisions is timing. For real buy
and hold, the only buy/sell decisions are (1) buy when you
have the money to invest and (2) sell when you need the
money. Nothing else should be used for buy/sell decisions.
I consider rebalancing also as timing, although mechanical
rebalancing at predefined time intervals to predecided
asset allocation may be ok.

BTW, I use market timing as defined above in my portfolio.

Kaspa
Back to top
  Ads
Advertising
Sponsor


darkness39
Guest





PostPosted: Thu Apr 05, 2007 10:23 pm    Post subject: Re: Mars surface warmed at close to same rate as Earth Reply with quote

On Apr 5, 1:53 pm, "jose.bai...@gmail.com" <jose.bai...@gmail.com>
wrote:
Quote:
On Apr 5, 12:15 pm, "David" <d...@wilkinson6337.freeserve.co.uk
wrote:



What makes you think you know enough to even assess the evidence?
Climate change is a very complex scientific field where the layman has
no worthwhile view. For instance as a very simple example, how
accurately can the flow of water at moderate speed and room
temperature through a pipe with a right-angled bend in it be
predicted? What are the governing equations? Can they be solved
exactly and if not, why not? Ignore possible cavitation and evolution
of disolved air.

Of course I don't know enough about climate change. What I know is 1/
There is strong evidence about global warming. There is scientific
consensus in this area;

You've missed a trick. The usual method at this point is to attack
the Mann Diagram as being a statistical artefact.


2/ There is no consensus regarding the causes
Quote:
of global warming.

Except the meeting of over 1000 climate scientists, and their
governments, including just about every practising climate scientist
in the world. This was called the IPCC, and signed by every world
government (not sure if North Korea is a signatory).

3/ There are scientific studies that show that
Quote:
global warming could be fully explained through natural causes.

None reputable. And most not even credible. Certainly not ones
subject to peer review. And by the same people, by and large, who are
attacking the Mann diagram.

A lot of work has been done to isolate the sources of the observed
forcing. The best that we can come up with is that solar forcing is
likely less than 20%. There isn't even any observed trend in solar
flux (plus or minus) for the period that we have data for.

Cosmic rays is even further out. $10m is being spent on investigating
that one.

It's unlikely you will invent a new denialist claim that we all
haven't seen before, on the internet.

But turn it round another way.

CO2 and water vapour block infra-rad. This you learned in your high
school chemistry lab.

The concentrations of CO2 are now 130ppm above what they were at the
dawn of the industrial age and are rising at 3pm (250 to 380).
Concentrations of other gases with known greenhouse effects are also
much higher than they were at that time (some of those gases didn't
even exist). Atmospheric water vapour is higher.

What would you expect to happen to the average temperature of a planet
that was experiencing such dramatic and quick rises in CO2
concentrations?
Back to top
  Ads
Advertising
Sponsor


jose.bailen@gmail.com
Guest





PostPosted: Thu Apr 05, 2007 10:50 pm    Post subject: Re: Mars surface warmed at close to same rate as Earth Reply with quote

On Apr 5, 6:19 pm, "kaspakhine" <kaspakh...@hotmail.com> wrote:


Quote:
I tend to agree with TK here, although his short replies may
not be that clear.

To me, any fundamental/technical/combination analysis
used to make buy and sell decisions is timing. For real buy
and hold, the only buy/sell decisions are (1) buy when you
have the money to invest and (2) sell when you need the
money. Nothing else should be used for buy/sell decisions.
I consider rebalancing also as timing, although mechanical
rebalancing at predefined time intervals to predecided
asset allocation may be ok.

BTW, I use market timing as defined above in my portfolio.

Kaspa

Timing is when you buy when the price of the stock is low -using some
fundamental or technical analysis, it could be just charts- and sell
when they are high, using the same analysis. You try to take advantage
of market timing (hence the definition, "market timing").

Value investing is different, in the sense that you don't care about
the price momentum: you look at fundamentals of the company -earnings,
quality of earnings -ROIC- and earnings growth- and see if this
company is worth less than what your analysis tells you. If this is
the case, you buy the stock, and you hold it till the same analysis
show you that the stock is no longer undervalued. You don't care if
the price goes down or up per se, what you look at is the market price
as a proportion of the intrinsic value of the company. If the market
price is never higher than the intrinsic value (it may happens that
the company's fundamentals improve more than the price increase, in a
consistent way) then you hold the stock forever, because the company
is always undervalued. A market timer, on the other hand, may think
to sell the stock if the price goes up by -say- 50 percent and pocket
the gains, or if the price goes down by 10 percent to cut losses, or
some other rule. This is never the case of a value investor.
Back to top
  Ads
Advertising
Sponsor


Display posts from previous:   
Post new topic   Reply to topic    Investing Talk Forum Index -> Mutual Funds All times are GMT
Goto page 1, 2  Next
Page 1 of 2

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum



Board Security

246 Attacks blocked

Powered by phpBB © 2001, 2005 phpBB Group