toosday tempura trading, page-82

By50, I am always bemused by posters who shake their head and give their own divergent "valuation" of an index or stock.

They say BHP is really worth $20, not $38.86.... So they keep shorting only to keep getting burned. Or stay out of the market, missing the rallies in the vain hope of their entry target eventually being hit.

They might say the XJO should be 1900, not 4309, lol.

A value is always what a buyer is prepared to pay.

Value is rooted in reality.

It is what it is in fact at any given time, not what it should be or might be or could be.

Trade what you see, in the contrived, manipulated, artificial call it what you like market it is...