Once upon a time (long before Quants, Swaps, and million dollar bonuses) investors knew that they could not know "what the market will do"--- in direction, duration, range, or vacillation. They recognized that neither humans nor human created machines could predict the future with any degree of accuracy. So they learned how to deal with uncertainty.
The Stock Market is a dynamic place where investors can consistently make reasonable returns on their capital if they comply with the basic principles of the endeavor AND if they don't measure their progress too frequently with irrelevant measuring devices. Five simple concepts of Asset Allocation, Investment Strategy, and Psychology are summed up quite nicely in "The Investor's Creed".
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With unemployment still at a severe high, a majority of states have drained their jobless benefit funds, forcing them to borrow billions from the federal government to help out-of-work Americans.A total of 33 states and the Virgin Islands have depleted their funds and borrowed more than $38.7 billion to provide a safety net, according to a report released Thursday by the National Employment Law Pr
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The major stock market indices added to their gains this week – obtaining comfort from the Fed’s policy statement that the “juice” was not about to be removed anytime soon – and hit 18-month highs before closing down on Friday as “quadruple witching day” in the US weighed on sentiment.