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FSN: A Couple of Things You Should Know About the Stock Market
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Charles Hugh Smith
Of Two Minds
If feedback from the real world is suppressed, then decisions will necessarily be bad.
You’ve probably heard this stock market truism: what everyone knows has no value. This has several components:
1. If you’re basing your trading decisions on the same contexts and conclusions as everyone else, it’s difficult to develop much of an edge.
2. Unless it’s completely manipulated, the market generally doesn’t reward “what everyone knows,” i.e. the consensus, for long.
3. “What everyone knows” often includes trends and targets. For example, everyone now knows gold is in a bear market and the next technical target is $1,250 – $1,300. As a result, everyone’s on one side of the boat: those recommending buying gold at $1,480 are few and far between.
Continue Reading at OfTwoMinds.com…
2013-04-14 22:46:48
Source: http://silveristhenew.com/2013/04/14/a-couple-of-things-you-should-know-about-the-stock-market/
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