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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Seismo who wrote (39548)	10/30/2012 1:50:50 PM
From: Chip McVickar	Respond to of 219377

First, its almost impossible to accurately predict recessions on any data coming out of the government. Secondly, its next to impossible to predict a recession or growth that might be in place after taking into consideration the huge amount of stimulus shipped out to big financial institutions…. Then using figures from the government to make any call related to our economy and/or ones trading decisions. Thirdly, GDP is weighted towards the largest corporations of our economy and they in-and-of-themselves are not an accurate measure of the economic health of say New Hampshire or Michigan or Montana… maybe only of the fantasy we call Washington DC or New York City. You might have missed this original posting on the psychology of the playing in this market. I agree with Covel, anyone who uses GDP to trade the markets is still involved in perpetuating a “Nurturing permanent adolescence” michaelcovel.com Finally, What I said was… But, they don't have a crystal ball. The leading relationships aren't perfect. They just deal in probabilities. They are a tile in the mosaic we build. The only way to accurately view the trading of markets is to recognize there is no way to accurately judge the health of an economy and trade it… know that fact and move on to Trend Follow Trading.