The Equitable Life and BCCI cases are classic examples of first instance judges taking rigorous and practical steps at an early stage to strike out the more fanciful and speculative elements of a claim, only to be overruled on appeal on the grounds that the legal and factual complexities of the claims made them inappropriate to dispose of without a full trial. (newlawjournal.co.uk)
Still, there is a clear speculative element in day - to - day market action here, as trend - following investors remain heavily focused on very specific price levels, which can trigger short - term bursts of buying and selling pressure. (hussman.net)
The discovery came as a relief to cosmologists, whose theories increasingly incorporate such speculative elements as invisible matter and energy. (discovermagazine.com)