LOL. Since I can't stop laughing about the CTFC's stupidity, I just thought why not come up with a counter-theory?
I say that rather than Technical Analysis, Fundamental analysis is bullshit!
Why? Because Technical Analysis Doesn't - Can't - Won't lie. It tells you EXACTLY what's going on in any given timeframe.
FUNDAMENTAL analysis, however, does nothing but give us figures - Figures that are supposed to be informative to us - And in many cases are FAKE, FAKE, and FAKE.
Anybody remember Enron?
To make this clear, folks - Fundamentals aren't of any use, because stock prices don't give a flying hoot about fundamentals. Stocks' prices don't change because that's what they're WORTH!
They change because of what people THINK they're worth and what they're prepared to pay for it and what they're prepared to sell it for!
Prices aren't determined by figures, they're determined by opinions. If nobody knows your stock or nobody want's to buy it, it ain't worth a cent!
It's as simple as that. Is that enough proof that fundamentals are fundamentally nonsense?
Does that maybe even suggest that fundamentals are just something that companies / analysts subject us to in order to bias us into a decision to buy or sell as stock?
Appreciate some creative feedback...
~The Scientist
I say that rather than Technical Analysis, Fundamental analysis is bullshit!
Why? Because Technical Analysis Doesn't - Can't - Won't lie. It tells you EXACTLY what's going on in any given timeframe.
FUNDAMENTAL analysis, however, does nothing but give us figures - Figures that are supposed to be informative to us - And in many cases are FAKE, FAKE, and FAKE.
Anybody remember Enron?
To make this clear, folks - Fundamentals aren't of any use, because stock prices don't give a flying hoot about fundamentals. Stocks' prices don't change because that's what they're WORTH!
They change because of what people THINK they're worth and what they're prepared to pay for it and what they're prepared to sell it for!
Prices aren't determined by figures, they're determined by opinions. If nobody knows your stock or nobody want's to buy it, it ain't worth a cent!
It's as simple as that. Is that enough proof that fundamentals are fundamentally nonsense?
Does that maybe even suggest that fundamentals are just something that companies / analysts subject us to in order to bias us into a decision to buy or sell as stock?
Appreciate some creative feedback...
~The Scientist
