Jelly
07-30-2008, 10:27 PM
No, this isn't about Batman.
My trading existence is all about absorbing the news and meditating on the accumulation thereof. Of consequence is the filtering of "spin" and downright misrepresenting statistics and data.
News bias aside, I'd can't help processing how bad and more importantly, how much faster the bad news is coming across. So far, my projections for the direction of the economy have been very accurate, inasmuch as I've been developing my thesis for years.
Although Fed intervention has screwed this up, there will be a point when they actually can't print enough money to matter. Then, market forces will prevail. Think cavemen (smarter than you think) and trading shells and skins. I really wish they would invent a chart indicator for the probability of financial tinkering at unthinkable levels and a volatility index for geopolitical/global blowups.
So, step back. Look at the big picture. Even if our government props up the banks, do they have a viable business going forward? The ACCELERATION of the crisis is simply terrifying. If oil goes down, driving will increase and gas will continue up. Political unrest the in the Middle East...ha....all bets are off. A hundred reasons for oil to go up. The only reason for a decrease is because of the bubble theory.
All this is boring, I know. I've been going out dancing a couple times a week. It brings me back to the real world. It isn't boring. Of note, I've never been f*cked for trading stocks (physically) but the same can't be said for dancing.
Happy trails to you...............until ..... we meet..............a gain.......................
My trading existence is all about absorbing the news and meditating on the accumulation thereof. Of consequence is the filtering of "spin" and downright misrepresenting statistics and data.
News bias aside, I'd can't help processing how bad and more importantly, how much faster the bad news is coming across. So far, my projections for the direction of the economy have been very accurate, inasmuch as I've been developing my thesis for years.
Although Fed intervention has screwed this up, there will be a point when they actually can't print enough money to matter. Then, market forces will prevail. Think cavemen (smarter than you think) and trading shells and skins. I really wish they would invent a chart indicator for the probability of financial tinkering at unthinkable levels and a volatility index for geopolitical/global blowups.
So, step back. Look at the big picture. Even if our government props up the banks, do they have a viable business going forward? The ACCELERATION of the crisis is simply terrifying. If oil goes down, driving will increase and gas will continue up. Political unrest the in the Middle East...ha....all bets are off. A hundred reasons for oil to go up. The only reason for a decrease is because of the bubble theory.
All this is boring, I know. I've been going out dancing a couple times a week. It brings me back to the real world. It isn't boring. Of note, I've never been f*cked for trading stocks (physically) but the same can't be said for dancing.
Happy trails to you...............until ..... we meet..............a gain.......................