[nandemo]

Yeah, it's the same thing at very different time scales.

In other words, the standard deviation for 3-year returns is much lower than the daily standard deviation.

You can get a positive return in 3 years without being especially good or lucky. But getting a positive return every single day for 3 months is extremely unlikely.

[mistermann]

Unlikely if you don't have a direct pipeline into the white house and federal reserve.

http://finance.yahoo.com/news/Wall-Street-speed-dial-gets-ap...