I’ve been looking at all the pundits debating the market’s direction. Here are a few of my perspectives.
It’s not what the economy is doing but what is thought it might do. Therefore, even if the economy doesn’t recover very fast the market may.
On the other side of this is that sooner or later the market will exceed expectations and make a correction. It happens when it’s going up and it happens when it’s going down.
Expectations can change at any time for any reason.
The media isn’t the first voices to restate expectations but they are the largest voice. All this means is that once the media gets on the bandwagon you’re late. If you watch the media it’s like you missed the high but see the pivot point forming.
Statistics can be skewed to meet almost anyone’s expectations but find the truth behind them and you can be assured that the facts don’t lie.
When looking what the statistics are saying remember to consider the sources.
And finally, there are people, many people, that can’t except the truth that there can be simplicity in such a complicated era. More on this later.
Good Trading,
Patrick
