I do love the Stock Markets, all of them.
Why? Because of the abundance of theories. Every day, no matter how the market moves there are dozens of pundits
offering forth their theory as to why it went down – or up, where it’s going tomorrow
or next week, and why it must crash soon or maybe elevate another couple
thousand more points. Ok, this is
fine. But the next day these same folks
may expound theories postulating the opposite.
This proves market pundits have no essential understanding of
economics as related to the market. This
proves pundits prefer expedience to understanding.
I am constantly besieged by brokerage firms telling me if I
would only invest a million, they would help me reach my goals. If I had this information, how to make a lot
of money, I would borrow every cent I could and apply it to making a bunch of
money. I’d not tell a soul. So, why are
they trying to help me? Well, they have a YAT, yet another theory! Phooey.
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