You know, Over, that when things go wrong, everyone is looking for a scapegoat. "MM" is easy to type, and they are not here to defend themselves.LOL
I think that the MM's don't give a hoot about the price. They are like the sports books in the casinos. They make money on the movement of money, not on who wins the game.
Investing is so complex today, most people don't really know what is happening right in front of them.
I used an analogy a few days ago about investing being like watching a play. A lot going on stage, that we see, but even more behind the curtain, that we don't see.
Most people know that the MM's are behind the curtain, but don't know much about who /what else is behind the curtain. They want to sound intelligent, so they "guess", and are usually wrong.
I prefer to just ride the tide, to change analogies. If it changes and starts going out, then it may be time to go ashore. But it usually will come back in, and occasionally a real nice high tide comes along.
I can't blame anyone for the tide. I don't try to. But I do try to keep an eye out for the way the tide is going, and wonder when it is late.
CGFI will catch a wave and be on the tide in time. I'm patient, and usually an optimist. I just pray I'm not waiting on a tide that turns out to be a riptide!
