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IPFS News Link • Stock Market

It's Not What You 'Know', It's What The Market 'Believes' That Matters

• Zero Hedge

Authored by Bill Blain via MorningPorridge.com,

The greatest truth about markets is it's not what you think you know that matters. It's what other people collectively think they know that counts.

You may be a bone fide financial genius knowing the exact value of everything – but the market is just an enormous calculating machine.

It may completely ignore your value and set a very, very different price.

All of which means I can't really explain why Tech stocks were off on a tear yesterday. Maybe it's the cheques American's are about to get through the post as a result of Stimulus Package 1.9? A relief rally? Or short-covering? Time to load up more on my Tesla leveraged short ETF I think.


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