Dislikedfor every possibility there is one expert talking about it on tv ... they have their view, however they came to their conclusion it doesn't matter, as all their models are just that, models based on assumptions based on statistical data, you can't blame them, so think on your own, you just need common sense, no mathematical predictions, no listening to experts, no signal providers, no cable update thread, ...a good book is fooled by randomness, after reading that you'll smile about all those expert opinions and move on
in fact those experts...Ignored
Well said, Silverheat!
I believe that most people just want to be told what and how to trade so they don't have to take responsibility and can blame someone else when it doesn't work out.
I heard something interesting on CNBC last week when the FOMC raised the discount rate. There was a debate going on about whether the Fed signaled this in advance, but the markets were still surprised.
And the journalist said something to the effect of how it was unfair that the FOMC "shocked" the markets and caused some investors to lose money. There was a former central bank employee who worked for an institution who came up with a brilliant response. He basically said that if an investor doesn't understand the Fed and the economic market forces that move the markets then he/she has no business investing and deserves to lose money.
Brilliant!
-Razorjack