Every Monday morning it seems to be the same thing as markets react to the 'Greek worries' that apparently fomented over the weekend as the various Greek political parties squabble over austerity measures. The mainstream media then write funny things like 'investors sold stocks on Monday as Greek fears outweighed earnings optimism...'
On Friday 'investors cheer US jobs report' and then it's... turn to the left do si do, grab your partner by the hand... turn to the right do si do... Greek Fears do si do...
The market is going where it is going and these goofy headlines will have no say in the matter.
It is as ridiculous as the doomsayers that insist on incorporating the Strait of Hormuz into financial analysis and potential war as a bullish fundamental for gold. It is as ridiculous as the bull trend followers that routinely find a mature trend, say some fancy words and pass it off as actionable analysis.
The longer I sit here in the midst of the modern market milieu, the sillier I find it. There is something very cartoon like about it all.
http://www.biiwii.blogspot.com
http://www.biiwii.com
On Friday 'investors cheer US jobs report' and then it's... turn to the left do si do, grab your partner by the hand... turn to the right do si do... Greek Fears do si do...
The market is going where it is going and these goofy headlines will have no say in the matter.
It is as ridiculous as the doomsayers that insist on incorporating the Strait of Hormuz into financial analysis and potential war as a bullish fundamental for gold. It is as ridiculous as the bull trend followers that routinely find a mature trend, say some fancy words and pass it off as actionable analysis.
The longer I sit here in the midst of the modern market milieu, the sillier I find it. There is something very cartoon like about it all.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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