We are traders and masters of risk. When you become pro you stop over analysing and all you do is sit there, and wait, and wait, and wait some more until you find the perfect trade. What I am saying is that the market makes all the decisions. Our only decision is to listen, feel, and respond to the market’s siren. Always and without exception. Remember, the market never lies. It is only we who lie to ourselves.
Monday, August 27, 2012
Looking Ahead: Week of August 27 through 31
With the manufacturing sector wavering, investors are looking to the the consumer sector to boost the recovery. Key updates include personal income and spending along with consumer sentiment. Housing has shown some new life and Case-Shiller will update on home prices. There are mixed reviews on whether the Fed will implement QE3 at its September FOMC meeting, but this week’s Beige Book may offer hints. GDP gets revised but that is old news unless the revision is substantial.
Fed Chairman Ben Bernanke speaks Friday at the Kansas City Fed’s annual Fed conference (internal Fed event) and he could hint at another round of quantitative easing.
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