Fear & Greed Trader's Blog

[BKR88]

Economy/politics
https://seekingalpha.com/instablog/...tm_source=seeking_alpha&utm_term=36811156.992

 

[mikeriley]

He stated the following..

For most of my career, I have followed the general advice of leaving politics out of any investing strategy

And then went into a diatribe about his political beliefs. Technically I fall
under the same political views as the writer, but he fails to
understand that it's almost impossible to separate political views
from the trading/investing world.

He's being disingenuousness, as I'm sure he's aware that
in many cases politics in many areas move the markets.

 

[wxytrader]

in many cases politics in many areas move the markets.

I hate to split hairs, but technically politics facilitates what the chart is forecasting, as the chart can only reflect patterns that form in the ebb and flow of real world cycles...ie the large c&h for spy, of which, rate hikes and the subsequent pivot point facilitated its formation and completion.

This is a perfect example of how you can't profit from the news....and where the phrase sell the news comes from because once the news hits the smart money is already in and probably looking to exit.

 

[mikeriley]

I hate to split hairs, but technically politics facilitates what the chart is forecasting, as the chart can only reflect patterns that form in the ebb and flow of real world cycles...ie the large c&h for spy, of which, rate hikes and the subsequent pivot point facilitated its formation and completion.

This is a perfect example of how you can't profit from the news....and where the phrase sell the news comes from because once the news hits the smart money is already in and probably looking to exit.

I'm surprised you're using a cup & handle to make your point,
which I do agree with. I'll only add, what my mentor told me
a long time ago, "When you're consistently profitable, YOU
are the smart money".

 

[Coin Flip]

He stated the following..

And then went into a diatribe about his political beliefs. Technically I fall
under the same political views as the writer, but he fails to
understand that it's almost impossible to separate political views
from the trading/investing world.

He's being disingenuousness, as I'm sure he's aware that
in many cases politics in many areas move the markets.

Politics has nothing to do with markets.

Politics is about what ought to be done for the best (which is why politics often leads to heated debates). What ought to be done for the best is irrelevant to markets.

What is relevant to markets is what is already done (i.e., the current regulatory regime) and what might be done in the future (i.e., potential changes to the regulatory regime).

The market does not care whether the potential changes to the regulatory regime is for the best. The market just factors in the impact.