No. I also have the ability to change my mind based on data and movements. I didn't think it was priced in and certainly didn't when the market started to tank. The market quickly reversed suggesting it could have been priced in.
Esmers theory does make quite a bit of sense for while we saw a one of the biggest intra day turn arounds for the year. Had nothing to do with fences, roads or bridges, but rather with news and positioning.
Indices 10/10, page-237
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