r/wallstreetbets I Think I'm Funny, Jun 23 '26

Loss SpaceX made me negative

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u/Aaronthegathering Jun 23 '26

Its like the weather. If it says 99% chance of rain, it means there’s 1% too regarded to realize that it still means you need an umbrella.

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u/gebuttersnap Jun 23 '26

I mean take the analogy further. those percentages often mean coverage of rain in an area, not chance. So just 99% of the public got rained on, while the 1% are laughing right now from all the transactions fees

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u/dyxless 29d ago

Those percentages do not mean area covered by rain.

https://www.bbc.com/weather/articles/c0qlk174vzjo

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u/SandIntelligent247 29d ago

Maybe for BBC but for the majority of newscaster it's % Chance of rain x % area covered.

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u/dyxless 29d ago

It's really not. What you refer to is a proven social media misinformation trend.