A short note as I am running late this AM.
Markets are looking soft, and for more or less for no good reason. Perhaps its because they have been on a tear lately, and need to digest gains. Or maybe its for some completely other reason.
As I noted in the headline, I don’t know.
Investors would be better off if they stop trying to find a rational ause and effect for what oftentimes is an unpredictable action in market prices — “random walk” in the parlance of this year’s Nobel winner.
That phrase “I don’t know” is another that should ente rmore investor’s lexicon as well.
Be back shortly…
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.