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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 04:45 PM
Original message
All the charts are broken....
I just heard from a "dude" on CNBC's Fast Money day trading show...

all the little charts and maps and graphs the traders on Wall Street depended on to get ahead of the market are all wrong.

I love how they say this market is nothing like that market meaning today is not yesterday.

They always seem to forget one thing; the market is very dynamic and so depends on far too many inputs to claim you have the magic touch.

Luck plays a much larger part of this dynamic than they care to admit.
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CaliforniaPeggy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 04:53 PM
Response to Original message
1. They need to see themselves as experts...
And they need to claim that too...

Otherwise, nobody will listen to them.

And then they are worthless...


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MrTriumph Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 04:57 PM
Response to Original message
2. Gas is only 10% from April highs & then the debt ceiling fiasco.
Disaster in April with $4 gas. The after some recovery in May & June, we retail, we saw a sharp drop in sales starting in mid-July.

But Cheating China is pretty good.
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RagAss Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 05:02 PM
Response to Original message
3. All my money is tied up in cheese.
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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 05:04 PM
Response to Reply #3
4. That is probably a better investment...
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 05:10 PM
Response to Reply #3
5. I am trying to corner the market on peas, myself.
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WheelWalker Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 05:19 PM
Response to Original message
6. I cashed out 10 days ago. nt
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tjwash Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 05:22 PM
Response to Original message
7. Even WALL STREET thinks that the latest giveaway to the top 1% is a shit idea.
What the hell else do we need to know?
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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 08:47 PM
Response to Reply #7
8. it sure is....
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