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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 694.04+0.7%Jan 9 4:00 PM EST

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To: Fiscally Conservative who wrote (46278)2/15/2013 11:44:01 AM
From: Joseph Silent  Read Replies (1) of 221579
 
Re "Gz, this market is Long in tooth and Short on logic,imo".

I have to wonder why you expect logic in the markets.

The market is simply made up of many people. All kinds of people. Tall. Short. Good. Bad. Clean. Unshowered.

The quality of logic in a single individual is average at best, on the whole, regardless of who it is.

The quality of logic with two people is half that of the single person. [Next time you are out shopping with your wife, pay attention to this].

The quality of logic in an n-person group goes down exponentially fast. [Think in terms of the reciprocal of 2 raised to the power of n. That is why all committees are dysfunctional, by definition. ]

:)
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