The great German investor Andre Kostolany made an analogy on the stock market:
The video is in German. Here is a rough translation:
"A man is walking slowly on a country lane. Accompanied with him is his dog, who follows his master slowly. While the man is walking slowly, his dog jumps around back and forth. Sometimes the man is ahead, thus he will wait for the dog, and there will be times when the dog is ahead; thus the dog will wait. The man is the economy, and the dog is the stock market."
It's another way of saying that no matter how much a chartist you are, you can never ignore the underlying fundamental drivers of the markets you trade.
No comments:
Post a Comment