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:
This poor lost market soul, thought that the Passage of the bill should have "Done something", there was a Narrative in their head, that "Should have happened".... since it didn't "Market Shrugs it off".
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...