re:["I think you needed to be trading stocks back in
the 70's to appreciate where were we might be going
and when we might hit a bottom??"]
Too bad we didn't have a little more wisdom, and a lot less
liquidity in both Washington, and on Wall Street over the
last couple of years.
If we had, we wouldn't be in the mess we are now.
I think someone here, a while back, opined about
the incredibly short memory of both Wall Street and the
investing public. It may have had something to do with
that whole "doomed by their own DNA" thingie <vbg>.
And to be fair, if one was still in knee pants, or just a
gleam in their fathers eye back in the 70's, then they'd
better at least be a student of market history, if not also
human behavior.
During this recent washout of the unclean in commodities,
even strident gold bugs seemed to be converting in droves,
to the church of deflation.
So, are we experiencing deflation, or are we experiencing inflation?
Or, are we asking the wrong question?
Is it more important to determine what we are really
experiencing from an academic standpoint, or what the public
thinks we are experiencing?
What's the trade?
Academic reality, or public perception?
Is that the right question?
Here's another one...
Is the trade on the public, or on the Fed?
What is the Fed seeing? What is their version of
reality? How are they going to react? And what
are they going to do?
...is that the trade?
The herd, or the Fed?
The chicken, or the egg?
Reality, or perception?
You are all getting a very real, very live, and
very important lesson in markets and trading.
(You'd better be filling up that trading journal).
The key to making money in this market, will continue to
be in asking the right questions in the first place.
Mo later,
S.O.T.B.
PS: Did you see, and listen to Pimco's Mohamed El-
Erian? He, the architect of the HMC/Harvard endowment funds
legendary performance, and now Managing Director,Co-CEO,
and Co-CIO of Pimco?
What was El-Erian's reality?
Mo later.
Jim Bunning breaking bad on Greenspan and Bernanke
right now on CNBC.... now there's some old school,
country hard-ball wisdom for you.
...ya' think Bunning spanked his kids?
;) |
