A long Commercial,short interview
http://video.cnbc.com/gallery/?video=3000578620
I like Amplify,and if anyone is interested they train traders, though I am not advocating doing that. It’s tough and may not be what you are looking for.
Making Predictions
https://masterinvestor.co.uk http://www.mauldineconomics.com/the-10th-man/the-trend-is-your-friend
I get a great many financial emails and while I delete 90% I still find some with eye catching or significant stories. The question is:which ones are right? You have to summarise and set aside any bias and then decide -what is my belief about the market? Belief is my favourite word as we don’t know the future. And, thanks to the shennanigans of the banks, we didn’t know the past either until it was too late! Holding a belief is ok though as it is the lowest form of commitment. It allows us to ‘change our minds when the facts change’, to paraphrase. The market is built on lies, or rather, on assumptions based on ‘suspect’ data.
A Little Knowledge is Dangerous,Knowledge Needs to be Qualified
I have mentioned confirmation bias before,and this needs to be acknowledged. In 2003 I thought the world was going to Hell,though the received wisdom is ‘buy when there is blood in the streets’.(Nice sentiment). The US had Dubya and Iraq was looking like a soft target. We all know the rest-the markets didn’t look back, more than doubling in a few years. The rise was built on debt, which is the new Emperor’s clothes in as much as nobody can see the debt. http://www.usdebtclock.org/world-debt-clock.html
While on a personal basis I never have debt, the world thrives on it. Whatever we feel about this, feeling is of no value to trading. That knowledge needs to be qualified or seen ‘in context’. Whatever we feel about Trump, his antics may be awful but his government’s actions will move markets.
Happy Christmas.
