“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”
--Benjamin Graham
I see news, economist, traders, etc...
They say... oh the market is up because, down because...
Learn and understand this... the market makes no sense in the short term.
Accept it and suck it up.
What will the direction be tomorrow? No one knows.
It's easy to spin a story AFTER the market moves.
Oh, it's due to the FED, it's due to the... Whatever... And people buy this nonsense.
It makes them feel better, feel more comforted that there's an explanation to all the irrationality.
But there isn't.
And don't bother to look for it.
The market moves as it moves.
Make a judgement 6 months, 1 year, 5 years, 10 years into the future.
What do you think will happen then and make your decisions based on that.
There is no one better to explain the concept of Mr....