Monday, September 20, 2010

Correction: Momentum.... Shmomentum

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

3 comments:

Mike Hardy said...

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.

Michael (MarketSci) said...

Thanks for the kind words Jake.

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

michael

Anonymous said...

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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