Apparently Traders believe that the, government Called Bruce Willis, and he got Ben Afleck... And the team together to stop, Financial Armageddon!
LTC proved that the quant model can't handle "Black Swan", Events. I've said it before, I'm not a fan of black swan events... I don't believe in them. That sounds weird doesn't it? I guess what I'm getting at is that Life is Chaos, and it's about managing it.
I believe in Chaos Theory. There is no Order. The only order is that there is no order.
"It's never different this time."
Why? because it's always different this time.... That is what is not different about it.What continues to mystify me... Is how Flat footed this caught everyone..."including me".
I sort of..... I was sitting there, and Suddenly I realized what a Huge Bear Trap the market had set. Even I had fallen for it.We kicked Past support, and then that support didn't act as resistance. It was a Perfect Reversal. And nothing was working, Gold sold off, As did the Euro. All the momentum trades had reversed.
Wednesday, we opened flat... and started breaking Trends.
And the bitterness..... That financial Armageddon was averted. It blows my mind..... I think it's a good thing. But again, it just shows how irrational everyone had become.
And again.... It's mind blowing to me that traders are still Eating the soap... I was reading some blogs, and it's all.
" The XLF is hitting it's 10dma, it's time to get back in!"
I wonder if we can track it this way. Is that bargaining or denial?
- Denial (this isn't happening to me!)
- Anger (why is this happening to me?)
- Bargaining (I promise I'll be a better person if...)
- Depression (I don't care anymore)
- Acceptance (I'm ready for whatever comes)
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