Thursday, July 22, 2010

The Market forces you to make a bet

The market is rarely if ever  in equlibrium with the economic fundaments. IT forces you to make a bet And either the fundamentals catch up and support your bet or yoare wrong. and lose. by the time it becomes obvious and reconciled there is no money to be made and the next bet is already being made.

In a bull market long mistakes get bailed out and participants get sloppy. In a bear market long mistakes get crushed.

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