3 months of choppy trading since october 10th. Who could have imagined that after three months the market would be flat?
Basically it says "Because I don't understand what is happening, I will try and sound smart by defining what can cause the "rally" this morning." In order to continue the ambiguity of such an answer, he continues by saying that the causes of such an event are actually "subjective" and that everyone has a different reasoning for the market moving the way it is and that there are so many variables that make it impossible to find all the reasons for the event. In other words: Bullsh$t
You could have just surmised the market's movements by simply implicating concepts inherent in chaos theory. Go channel Aristotle's ghost elsewhere.
I agree with Mr R. Rasolnikov Otherwise (and please permit me to use some redneck logic here) Let's assume a trader knew every bit of news in the world - How would he / she trade it? Or asked another way How could a trader, who knew every bit of news in the world, anticipate any better how all other traders would trade? Curious
Looks like we got another futures rally Dow 8,443.00 35.00 0.42 S&P 500 873.40 4.80 0.55 NASDAQ 100 1,207.50 3.50 0.29 very good sign
David Hume has some very interesting points on Causality... acutally, his work is considered some of the best ever written.