Wednesday, August 15, 2018

Quote of the Day: Markets Will Fall Despite the Fundamentals

Ironically, given this morning's economic reports (they were net strong) and the drop in stock prices (as well as this year's overall lackluster results despite the strong fundamental setup coming in), last evening I found myself going over my old notes in Jack Schwager's instructive book A Complete Guide to the Futures Market.

Here's one that speaks to general conditions versus recent market action:
"Even if fundamental analysis is accurate and the assumptions are correct, a market can still move counter to the fundamental price projection over the short term—or even the intermediate term." 

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