Since the market is driven by people and people are driven...

Since the market is driven by people and people are driven partially by emotions, the probability of failure is there; therefore the probability for errors is out there. If we extrapolate the error margins to all the market components, there is a huge probability of error, and therefore a huge probability of failing on assessment of certain assets. I wouldn’t say it is always wrong or always right, instead of that I would say there are high chances, result of the sum of error probabilities, that assessments in certain assets are wrong…these are the entry or exit points; in the meantime you enjoy what the markets give you.

Just my analysis…I might be wrong…or right…nevertheless, one of the most enjoyable posts for a Monday morning…