Ohhh, there’s a big important event this week! Wooo hoooo! Will the Fed cut or won’t they? What will it mean for the economy? What will the economy mean for the future direction of the stock market? What will the future direction of the stock market mean for my wealth? What will my wealth mean for my happiness? (See the trickle down BullShiponomics?)
Please stop bothering me with this stupid topic! I could care less about the Fed
, interest rates, the economy, the direction of the stock market and all the BS guessing games most finance-types seem to enjoy playing.
I’m a stock trader—I make my money trading stocks. Up or down, I could care less as long as it’s predictable. I’m not an economist—whatever the hell that profession is!
You people have been brainwashed into thinking you need to play these guessing games to make money in the markets. Sure, sure, if you’re a macro fund manager, then this is the kind of event you’re paid to know about. But, all you individual investors out there, wake up—you’re not running $500 million hedge funds, so you don’t need to trade like them! Some of you know I think diversification is the worst thing since 9/11 and this is practically in the same league. For the next few days, the financial media will be going on and on about this and they’re gonna bring everyone and their mothers onto give their “expert” opinions. Bore me to death why don’t ya? Bore everyone to death for that matter—the boredom caused by the importance placed on this kind of crap is one reason why most people stay away from finance.
I’ll tell you how I’m gonna play it—I’m gonna look for the daily % gainers and see which stocks I think will continue their gains, lose their gains or act in some way I can’t predict with any reasonable certainty. That’s right Pinky, we’re gonna do the same thing we do every night…
Posted in Rants