I'm sort of over it today...
enough with Healthcare yesterday, Enough with "The Market"..
there is a pile of projects on my desk.
I'm finally feeling recovered, and it's time to ... trudge on
There was conversation about the "Trading" Matching the "Narative"
Here is a great example:
Health care bill passes, but market shrugs it off
Monday, March 22, 2010 - InsideFuturesHealth care bill passes, but market shrugs it of
One could have said:
"Market reacts positively to health Care Bill"...
" Market Enthusiastic about Health care bill. "
one could say
"Market continues to love all things OBAMA"
There are a thousand narratives you could have to explain the price action.... What you choose to believe... is more your own psychology than anything else.
Now ME!!! I think there is Price Action, and then they try and Explain it.
Since most of the market is Right wing narcissist, you get... a right wing Narcissist Narrative.
and they are all wrong.... there is just the price action...
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