I always see investors poring over and fretting about economic data.
Like trying to read the tea leaves.
Sometimes, they even shell out big bucks to get all that data analyzed by some pointy-headed Wall Street high priest or academic. And some other times, they write to tell me to worry about the economy, too.
These folks, like so many other investors, are misunderstanding how the markets work, as well as the way economic and monetary policy works on those markets.
Essentially, these investors are playing baseball. But instead of watching the ball fly out of the pitcher’s hand, they’re watching the fielders… and striking out.
Mighty hard to score hits that way…
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Financial Analyst, 50-year charting expert, finance + real estate pro, and market analyst; published and edited the Wall Street Examiner since 2000.
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