Consolidation or Rally’s End ?
January 12th, 2010
| Categories: Market Minds, The Big Picture
The future is, by definition, unknown and unknowable. This is one of the factors investors must constantly wrestle with. Forcastors are folly, predictions are unreliable. There is an old yiddish expression Mann traoch, Gott Lauch — which translates as “ Man plans , God laughs .” History may not repeat itself, but it often rhymes. When dealing with unknowns, we attempt to find as many parallels, as much evidence, the cleanest data we can, to make the most informed investment decisions. Outside of the house, the persons with the best odds in the casino are the card counters. Which brings us to today’s market action.
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Consolidation or Rally’s End ?
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