To be honest I don’t know, nor does anyone else despite what they might say. There is usually a substantial amount of nervousness when you have a major markets slip for two days in a row. However, this has to be put into context of the overall gains in the market post the GFC .…
Details…if the Dow is measured in gold. I find this style of charts profoundly inane. You don’t measure the amount of paint you might need to paint a room in the number of babies foreskins it will take.
“If the professional economists can’t predict economies and professional forecasters can’t predict markets, then what chance does the amateur investor have? You know the answer already, which brings me to my own ‘cocktail party’ theory of market forecasting, developed over the years of standing in the middle of living rooms, near punch bowls, listing to…
DetailsFrustrating isn’t it? You’ve got all the books on goal setting. Your CD library is weighted down with motivational recordings… and you get yourself down to all those mindset seminars and suck in the information like some out of control vacuum cleaner on steroids. You’re on cloud nine for a few days… anything seems possible…
DetailsThis is a list of the currency currency conflicts floating around the international markets compiled by Paul Mason of the BBC. China versus the USA: in which the US wants China to allow the RMB to rise against the dollar, weakening China’s competitiveness by raising the price of Chinese exports. There is the USA versus…
DetailsI am regularly send odds and sods by various peanuts (usually economists) telling me what the market should and shouldn’t be doing. Unfortunately, they are making a fundamental flaw – the stockmarket is not the economy. The stockmarket is a pricing mechanism based upon the aspirations and perceptions of populations and these populations are not…
DetailsCheating as a concept has long fascinated me, as has the general notion of what could be called delusional behaviour within humans. The interesting thing about cheating is that it seems to have moved from being an individually directed activity to a group activity. The activity of the group not only encourages the cheater but…
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