An airliner on take-off has a point of no going back. No return. Commitment is made for better or for worse. The damage will be horrendous to try and apply the brakes to stop take-off because at the end of the runway is a cliff or other obstruction. The captain, as the jet is approaching that point, has to make quick decision. Full throttle ahead or abort the take-off.
The same decisions are made on landing also. For better or for worse commitment has been made and cannot be changed as to change means certain horrendous disaster. But to not change ….well there is still hope. That is what Woods has left. Hope. And we all know relying on hope in the markets is precarious. We might get lucky. Then again we may not.
In the Woods case it may be a case of “damn the torpedos ….full speed ahead”
https://www.battlefields.org/learn/articles/damn-torpedoes
If the engines on her jetliner do not fail her she will be called a genius and super investor. If they fail her she will be derided as making a number of classic mistakes.
The problem may well be that the Federal Reserve becomes the potential destructive torpedo she will have to circumvent and detour around. A next to impossible situation for an investor. Her cries to the Fed mean little to them, of that I believe I am correct. But I could be wrong. Maybe they will heed her advice? But I doubt it.
I have flown into and out of Toncontín International Airport in Honduras via commercial airlines several times and it takes skillful pilots to land or take off under the best conditions. Mountains and hills all around. No good final approach for landing. At the end of the runway is a steep drop off into a gorge and highway. A mountain looms ahead. Takeoff and landings are in the same direction towards the cliff and the mountains. I once almost “bit the dust” on take off as the airliner made it over the mountain in spite of frailing around. The pilots immediately banked around and returned after clearing the mountains. Under the best of conditions it is one of the world's most dangerous airports. The risk in times of uncertainty such as rain or fog increase dramatically.
The markets are in a marked period uncertainty and fog. They can be dangerous even under the best of conditions. There is always a measure of gray fog to navigate through.
If Woods navigates this successfully and gets lucky she will be go down in the “pilots hall fame”. Otherwise she ….well be remembered for other not so pleasant scenarios. But she has made her decision of no return. She is committed to “whatever”.
https://www.reuters.com/article/us-...nway-in-honduras-5-dead-idUSN3029714820080530
This why I am a trader not an investor and can nimbly land or takeoff in my Cessna 172 (so to speak) on the Toncontín Airstrip in either direction and have plenty of runway left to change mind over my initial decision to take-off or land.
Another quote often used “it was not my thinking but my sitting that made me money” (may not have quoted it exactly correct but you probably know who I am talking about it you have read many trading books). But alas, in the end where did his sitting get him?
