1) Moving forward through the perilous waters in the next 6 years, those who survive and prosper will be those who understand how markets truly work. As much as it saddens me to say this, I believe the only way to not get slaughtered by the oncoming tsunami is to know how to trade the markets. This is the pathetic situation the Federal Reserve and US policy makers has put us into. Honest, hard working people will suffer as they see their wealth contract. Those who know how to shuffle stocks will prosper.
2) To become a true sage of the markets, one must become "one with the markets". Understand what the markets are saying. Every move has a message. It is not the markets that are irrational- it is us who are incapable of interpreting the message that the market is sending. Just because one doesn't speak the language of the market does not mean the market is wrong.
Wednesday, November 17, 2010
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