Dislikedthink fundies and lose your account.
The dj up 15% on matter of 2 weeks based on eps being beat when those eps were set very low. It is not rising on jobs being created etc etc
now they have come up with another way to hold the car industry up by giving 4500 k for trade ins on the TAX PAYERS backs. i think the 1st 2 billion was chewed up and now senate are spending another 2 billion.
I could go on and on about fundies in the US and how this rally in the us stock markets based on the fundies in the US is a perfect storm for disasters. Think...Ignored
Fundies, particularly on their own, traded with any sort of leverage can be lethal for one's account. At the start of my trading journey I endured a few painful shocks to my account from thinking about what should be happening and then getting angry about how irrational and illogical the market was.
A pure fundamental approach to the FX trading requires incredible patience and, often, deep pockets. Having said that, it does give me great comfort when my interpretation of price action lines up with my view of the world. And I never fully ignore the fundamentals.
Have a good week!