Monday, September 20, 2010

Correction: Momentum.... Shmomentum

The beauty of this blog is that my readers are smarter than me.

3 comments:

  1. Reminds me of a quote from Pragmatic Capitalist that had me jazzed today - not much in the blogosphere is truly quotable though so much is quite good - but this was good I thought:

    "It's the ability to understand that you will be wrong that allows you to be right."

    http://pragcap.com/ideological-jihadists

    For creative things a single brilliant mind is frequently best but for good analysis and truth hunting many eyes and a good attitude are better. EconomPic adds more than enough to the conversation to get a good back and forth going and get people examining things. Very cool.

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  2. Thanks for the kind words Jake.

    And definitely not "smarter", just "lucky" (once).

    michael

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  3. Quote from Mish,

    "Every FOMC meeting it seems we get the same fake reaction: The first move is typically a false move. Sometimes there is a double fake, but only rarely does the initial move keep on going. I would be interested to see comments on this."

    It may be significantly better than the momemtum strategy!

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