A Market's Disdain for Logic


I actually love logic. If I write the word logic on a piece of paper and hand it to the market the following is likely to occur. The market will stare at it for a moment. She'll take a look around at the other pieces of paper in her area (emotion, liquidity, central government, history, techincals, etc.). Then she'll crumple logic up in a ball and toss it in the bathroom, so she can use it for something else later. That's what the market thinks of logic right here, right now. We are awash in liquidity, performance chasers, stop hunters and bears being squeezed....286 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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