Dow futures being taken to the woodshed

Quote from TGregg:

That's the rub. One cannot (fundamentally) look at all the debt and conclude anything other than trouble lies ahead. How far ahead? What kind of trouble? Harder calls to make.

Maybe a few of us should set up a dirt cheap distillery - that would see us through some tough times, I think.
More...

Agreed. If there is a thunderstorm on the horizon approaching and everyone is calling for rain, does this mean it probably won't rain, because the majority is so often wrong?

The "majority is always wrong" mantra works in balanced markets that are trading on fundamentals. Not algorithmic, computer controlled casinos trying to game the last fraction of a cent.
 
Quote from Ivanovich:

Agreed. If there is a thunderstorm on the horizon approaching and everyone is calling for rain, does this mean it probably won't rain, because the majority is so often wrong?

The "majority is always wrong" mantra works in balanced markets that are trading on fundamentals. Not algorithmic, computer controlled casinos trying to game the last fraction of a cent.
More...

To your point, the majority seem to be predicting tommorows market not next years, so is not a valid comparison to the debt thunderstorm.
 
Quote from noddyboy:

To your point, the majority seem to be predicting tommorows market not next years, so is not a valid comparison to the debt thunderstorm.
More...

Unless you follow the mantra that "the market is forward looking". In which case, this market is blind as a bat.
 
Quote from Ivanovich:

Unless you follow the mantra that "the market is forward looking". In which case, this market is blind as a bat.
More...

Meanwhile, I am reading The next 100 years, which seems pretty fantastical too.
 
Quote from Ivanovich:

Unless you follow the mantra that "the market is forward looking". In which case, this market is blind as a bat.
More...
"Forward looking" needs to be defined. 6 -12 months? 7 years? Everyone has their own time frame.
 
Quote from Petsamo:

"Forward looking" needs to be defined. 6 -12 months? 7 years? Everyone has their own time frame.
More...

I think successful hedge funds think out 6 months, and retail 1 week.
 
You must log in or register to reply here.
Back
Top