DAY-TRADING NONSENSE.
There's a short story by Johnson called Rasselas about a young boy and and old man who voyage around the world. One of the people they meet is an astronomer who has been studying the heavens for so long he begins to belive that, he himself, is controlling their movements and that without him, the heavens will come crashing down. The height of arrogance and lost perspective.
Frankly, that's what most of the past 600 posts are. Everyone recounts what they just did or makes incredible predictions like "This stock will hit a bottom, then go up and go down again". Whenever a prediction is wrong, it is ignored and whenever it is right we are invited by the Nostradamus-De-Jour to "See My Previous Post".
The reality is that no-one is "right". For each of us that is correct today, 50 are wrong. And the one that is correct today, will, (much to his own surprise) be one of the 50 wrong tomorrow. Probablilty alone indicates that several of us will guess lucky today, but without consistency and (maybe I'm asking too much) an EXPLANATION of why the stock did what you predicted it did, this is nothing more than an echochamber of hopes, fears, greed and dreams.
p.s. EGGS at 38 by August 1. Why? Becuase I said so. How do you like them apples? |
