It seems the market is pre-occupied with the daily machinations and news on the economy. I don’t think this makes for a real healthy market, as the equity markets tend to be barometers for future pricing. We certainly aren’t seeing a tremendous amount of predictive qualities from the current market as in ping-pongs about in willy nilly style on the daily announcements and prognostications of a variety on informed and uninformed economic sources
Mendelbrot had the problem pegged long ago, chaos and randomness…there has been no real explanations because a degree of randomness exists in the market and it is difficult to account for irrational behavior, or market noise.
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