EnronAg said:
way overreaction...CPI was a tick cool...but still 4% year over year...it's just stupid to me to see SPX moving toward ATH and inflation is still double the normal 2%...we are moving down 0.1 every other month and the market just freaking soars...still bitter I'm largely on the sidelines
You absolutely have to trade the market as it is. Not what you think it should be. The market is not "wrong". The market is made up of every side of every coin of bullishness, bearishness, smart, and stupid. Once you realize that the market is not dictated from fundamentals, news, and sound economics, but from the constant push and pull of a wide array of competing forces (some of which do include, but are not solely comprised of, components of those things), only then will you finally be operating on the correct track. How you get derailed is by assuming the market got it wrong and attempting to trade based on what YOU think it SHOULD be doing. This is how you lose. You win by being neutral and using the wind at your back to guide you.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)