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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (57616)	4/6/2006 6:24:10 PM
From: shades	Respond to of 110194

it is psychology that moves markets, not 'fundamentals'. Right, what is coconut gonna value in the future - what will she "believe" Will brittney choose to buy gold instead of crack rock? Seminole said the illusory symbol of wealth - what are a bunch of joystick jockyes playing nintendo and brittneys text messaging gonna value in the future? yet, in spite of this great fundamental reason to buy gold, gold actually went down during this period. People in zimbabwe had hairdo's go up 2100% - gold didn't go up that much - what are those silly fools thinking? all commodities. The excess money therefor found its way where? Into the stock market I thought during that time period the money went to commercial real estate development and keating 5 S&L scandals? Real estate collapsed, oil went down 50%. Message 22332488 psychology takes. China did not just become a capitalist economy with a voracious appetite for commodities overnight for no reason. something first changed in China's social mood, Regli says marx's prediction finally came true. Message 22326472 this is the main reason why fundamental macro forecasts of both markets and economic conditions rarely pan out The only function of economic forecasting is to make astrology look respectable. -- John Kenneth Galbraith which has been created by changes in mass psychology ( which in turn seems to move in generational cycles ) Generational cycles - this guy is copying all my ideas that I stole from elmat and Grace: Message 22329166 He is like a parrot - echo.... . they can't predict the fundamentals of the future Oh but chen assures me - just like when goog at 180 was a good short - that gold at 600 is a good long - his crystal ball was "made in china" and he got it for the china price - so its much better than the crystal ball I have. images.google.com I wonder if his glows green with a magic energy aura like mine - HAHA! technical analysis of the markets has a better chance of predicting future developments for the simple reason that it is ultimately a study of market psychology - and market psychology is THE most important fundamental one needs to be aware of. That is what the philster says too!