No one knows the future, so when the guru is predicting, he may be right or wrong, but he is popular by being certain of his forecasts and inspiring faith and hope. Of course, his forecasts cleverly leave a lot of room for spinning the outcome....but when he is correct he shouts his results to...
Bought 1000 @ 33 for a long term hold, but not feeling too good about it so I'll give it a few days and re-assess. Some of my long term holds in the past were WaMu, Wachovia, AIG, and Pilgrim's Pride. Stosh
Interesting post, thanks. By "discretionary" trader in index futures, do you mean you study macro fundamentals relating to worldwide market indicators, politics, headline news, etc. in order to make your educated guess as to likely market moves? I assume you look at charts as just another...
Possibly if you've got them by the balls, they will say that 2+2=5, but it will not be truly accepted that 2+2=5 until the next generation has been taught such. Stosh
Would be interesting to get reports on how your broker handled these big volume (panic) days? I can't log in to TDAmeritrade for the last hour. IB seems to be doing well. On the flash crash two weeks ago, Fidelity had problems. Thanks, Stosh.
Does anyone know of an Iphone app that gives real time ES and other futures quotes without having to log in?. I have ITWS, but I would like to get an occasional quote without having to log in. Thanks, Stosh.
Truth does exist and studying economics probably can help those of us who seek the truth. Debates are helpful in preventing us from believing our own BS. Go for it, Morganist......it might work out well........or not. Stosh
Good post, Rabbitone, in laying out SOME of the factors that have to be weighed in forecasting market direction. Of course, this complexity is what leads most traders to default to technical analysis and chart trading. I'm not sure that even the most intelligent, experienced, and educated...