Posted by timebandit on 11th of Aug 2022 at 08:17 am
The problem with the fundamentals of the economy is that we
think we understand them. It’s only later that we will look at what
happened and construct a narrative to make sense of it. In short,
the future is rational only in hindsight.
I agree, I've been converted over the last years that none of
this information matters or is the reason the market does this or
that. Stories are made up everyday for why it went up or down. So
many metrics and it is a waste of time on a net basis for me. I'm
focusing on one thing, price. Because price is all that matters.
Risk/reward of taking a position on an instrument at a certain
price, etc. Buy supports and sell resistances. Saving my energy for
life other than the market. Keeping it simple.
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The problem with the fundamentals
Wednesday Newsletter
Posted by timebandit on 11th of Aug 2022 at 08:17 am
The problem with the fundamentals of the economy is that we think we understand them. It’s only later that we will look at what happened and construct a narrative to make sense of it. In short, the future is rational only in hindsight.
I agree, I've been converted
Posted by fundamentalvalues on 11th of Aug 2022 at 08:44 am
I agree, I've been converted over the last years that none of this information matters or is the reason the market does this or that. Stories are made up everyday for why it went up or down. So many metrics and it is a waste of time on a net basis for me. I'm focusing on one thing, price. Because price is all that matters. Risk/reward of taking a position on an instrument at a certain price, etc. Buy supports and sell resistances. Saving my energy for life other than the market. Keeping it simple.