It has been a while since I have mentioned the breakthrough computer chip IBM’s TrueNorth. But it is alive and well. There is a start up using this chip on a new designed “Pattern Computer.” This is a desktop supercomputer. It “is highly efficient, extensible, scalable, and unbelievably fast.” It is designed to discover patterns in big data – “where we might otherwise not see them.” “It could be in physics, in climate change, or in anything.” “This could be the advent of an entirely new computer age, and a revolutionary change in human and computer interaction.”
Update on Elliot Wave’s prediction that the S&P 500 will drop 41.6% this year from 1880 to 1100. I said that don’t believe it! The current S&P is 1940, up 3.2% since EW’’s prediction.