Market correction
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6 comments:
GDP!
We knew it was coming... or rather, at least Nouriel did...
i forgot to mention that dow and rest of market will most likely rally on this news...
Unfortunately market dos not work based on such predictions. What is the trade in it. Markets look several cycle ahead.
Today morning I issued a bearish correction call to some of the traders who track my recommendations based on same indicator I used to go bullish in August.
My point is simple, build your own trading indicator and shut out lot of macro noise. Your indicators should be ahead of curve.
As Ed Seykota says " Good traders trade. Good letter writers write letters."
boom long?
my only point was that Nouriel was right, and others have been reducing estimates as today approached - thats all...
making no connection about how to trade it...
i only look at charts for trading - i read stuff just to stay an informed citizen of the world...
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