"The market is always wrong"

The market isn't technically right or wrong, it just is. We as traders pass judgments on it and give it labels. It can be right or wrong at the same time, depending on whose perspective it is.
 
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Say it. Don't spray it!!!!!
 
Quote from xxxskier:

the market can stay irrational longer then you can stay solvent.
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"the market can stay irrational longer, then you can stay solvent."

I like that!
 
Quote from Redneck trader:

IMHO

The mkt is neither (or ever) right or wrong - It simply is

RN
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There is hope to see intelligent people exist.

In addition, wright or wrong is only determined on hindsight. Good old existentialism says that at every price tick, the market is right, in the sense that it is.

"Existential philosophy is the "explicit conceptual manifestation of an existential attitude"[5] that begins with a sense of disorientation and confusion in the face of an apparently meaningless or absurd world..."

Sounds familiar?

http://en.wikipedia.org/wiki/Existentialism
 
Quote from Cutten:

A lot of market commentators like to say "The market is always right". Which famous trader said the opposite?
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The market is never right-nor is it ever wrong-but the majority of traders who trade the market are seldom right-and nearly always wrong.

The General
 
Quote from OddTrader:

"the market can stay irrational longer, then you can stay solvent."

I like that!
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lol, that must be the contrarians view, the more irrational the better!
 
What are the stats on people who lose in the markets?

Those who think the market is right probably belong in the losers bench.

For winning traders markets are emphatically wrong. After all the market is no different than a poker game and you have to be right to win the chips.



Quote from Cutten:

A lot of market commentators like to say "The market is always right". Which famous trader said the opposite?
More...
 
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