Thursday, November 13, 2008

Dumb Markets

The single best description of stock market analysis I've ever read was from Dave Barry. I can't find the original, but it went something like this:
Analyst #1: Well, the market went up or down today, based on whether it went up or down.
Analyst #2: Will this trend continue?
Analyst #1: It's too soon to tell.
It never ceases to amaze me how often random fluctuations get mistaken for mass rallying or sell-offs.

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