But there is always risk, and there are always bullish and bearish possibilities. If you wait flat any time there is a bit of risk or lack of...
Well cheapness in a fundamental sense is always measured by valuation, and never by momentum or overbought/oversold measures, which are more...
Wrong - in 1993 Japanese stocks were still the most expensive market in the world, and in the upper echelons of valuation, as measured by...
One of the first rules of systems is that if your assumptions are faulty, your conclusions will be faulty (garbage in, garbage out). It is obvious...
In my opinion, a single stock is far far more risky than the stock market as a whole, which is in turn riskier than a mix of stocks, bonds, and...
I've never found that focusing on short-term analysis works for calling long-term secular bull or bear markets. In my experience, what matters...
Greece continues to follow the classic post-disaster bull market pattern: most people are pessimistic, fundamentals are poor (but not quite as bad...
I said in my previous post that any government action would probably be tipped off by weak market action. Well, we got not just weak action, but a...
The problem is that the government is very inefficient at delivering things, due to the jobsworth mentality, and the lesser incentives for high...
The main reason 3.5 billion make $1 a day is because of the widespread belief that wealth is obscene. Entrepreneurship and capital formation is...
It depends which one has the better long-run profitability. And that is something you can only find out by studying, testing, and understanding...
It's an error to think in terms of open profit - whether you entered at the low of the move, or 1 tick ago, all that matters is the likely profit...
OD isn't guaranteed, you can wake up a vegetable, or die in agony if you misjudge the dose or your reaction. OD is also boring. I don't think...
In his defense, jumping to his death took some balls, was probably quite a thrill, relatively painless, and free of bureaucracy. As opposed to the...
Really? Don't you think his charitable contributions had any meaning? Or his achievements as a speculator, and the knowledge he shared in various...
Expectancy is derived entirely from win rate and profit to loss ratio. If the latter 2 are positive then the expectancy is positive also, by...
I don't like to make trading calls, I think that is a blunder, unprofitable, and not the right way to operate in the markets.
Well - under what conditions would you accept that Sperandeo's call is wrong? No hyperinflation by 2015, 2020? Any time in the next 100 years?...
I agree that say a 10% fall would seriously cast the move into doubt. What I'm disagreeing with is that any meaningful long-term information is...
No, I can assure you that overconfidence in real life is just as bad. If you think you can build a bridge over the Atlantic for $5 million, and...
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