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Short Term Trading Weekend Lounge: 14 - 16 Feb, page-30

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Dazedandconfused

7,425 Posts.

2029

16/02/20

18:59

Post #: 42962626
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Originally posted by Diver Dan ↑

PS @Dazedandconfused, that first sentence isn't very clear at all...my brain is shutting down for the day but I trust you get he point. The WSJ article above is very informative but the body does not match the headline if you ask me. I suppose I should instead say that if we are talking about market participants, honesty would be a prerequisite to detecting consensus. I detect flimflamming, doublespeak, confirmation bias, crowd chasing and an unhealthy reliance on the Federal Reserve. Another thing I notice is that traders seem to be preoccupied with the spread outside China and maybe not enough on the devastating economic damage that has already resulted from this tragedy. One thing would seem likely and clear: risk off assets like gold are going to find a floor as long as the Fed implies open ended compensation for this health threat and the paralysis it can cause

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Denial probably comes first.

I wanted to bury my head in the sand... but all the spots have been taken.
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