in the Financial Times, When investing is all about second guessing the Federal Reserve, seems like we are playing a game of Russian Roulette
here,
many hedge fund managers say fundamental analysis no longer works. Investing is all about second-guessing the Federal Reserve instead.
well anyhow, the article goes on to explain all the disconnects in the
economic environment, seems like everything is so screwed up nobody
knows what is going on anymore, in the end....
And finally, if the FED continues to be the biggest reason to take risk, when the FED finally turns, what happens to all that risk>? Central Bankers are meant to encourage financial stability not to be cheerleaders for inflated asset prices.
the best kind of roller is one that is week up week down, saves trading
expenses, I had seen a few but lost track.
The bay was nice yesterday, 55 degrees and sunny, had the sand bar
all to ourselves, you could tell spring was in the air. Temperatures keep
in the 55 range and the fishing bite will come on strong.
more later, have a bunch to do, keep checking in, I'll be busy scanning
and planning, won't concentrate on the market so much but finding that
one stock,
have a nice day
Jeff
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
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