"As always the market is the final judge as how to interpret the numbers and has the final say.They said the number was too high and Alan Greenspan scares us.Case closed."
Who is the market? Are you referring to the 5% who control the nearly 40%, or the 95% of generally buy and hold who control the other 60%? Or maybe you're saying the market went down, I'm short, therefore the market is right?
Of course, to you, when Dell goes up, on a particular day per se, and the market is flat or down, Dell still isn't "right", because Dell didn't go up enough. Aren't you using interpretive license? The market is only "right" one year after the fact. In the meantime I think it's mostly just guessing. But, we're always one year behind.
Fact remains. Prices were higher in February of this year overall than they are now. Maybe the market was actually wrong in February when producer prices where higher? Inflation was at its scariest level in February and the dow was managing to rise. Now, of course, yes, the "market" is right when inflation is not as "scary" as Februrary's prices, but by golly some one said "sell", therefore that is "right".
guess we'll see if the "market is still right" or not next week. |
