Last week’s article: Inflation and how it will be tamed at costs The surge in home prices will collapse under rising mortgage rates Consolidation is expected. NOW: Levels to watch: S&P 4400, QQQ 350, CORN 26.50, AMD 100, XME 60 Follow us on twitter @gmgresearch
'In the course of my investment activities, I discovered that financial markets operate on a principle that is somehow akin to scientific method. Making an investment decision is is like formulating a scientific hypothesis and submitting it to a practical test[…]
taking this view, it is possible to see financial markets as a laboratory for testing hypotheses, albeit not strictly scientific ones […]
Most market participants do not view markets in this light.'"
Soros:
'In the course of my investment activities, I discovered that financial markets operate on a principle that is somehow akin to scientific method. Making an investment decision is is like formulating a scientific hypothesis and submitting it to a practical test[…]
taking this view, it is possible to see financial markets as a laboratory for testing hypotheses, albeit not strictly scientific ones […]
Most market participants do not view markets in this light.'"
I appreciate the reminder re: vols.