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.
Sunday, September 16, 2012
Looking Ahead: September 17 through September 21, 2012
Stocks soared on news that the Federal Reserve is launching another round of quantitative easing. Whether profit taking will follow the beginning of this week remains to be seen. Besides the Fed action, the German Constitutional Court ruled in favor of the ESM — but with caveats. Data from China disappointed, showing weakness — especially in the country’s bilateral trade with the EU.
This coming week appears to be calmer. The Bank of Japan meets. Expectations now are that the BoJ will expand its easing program, following the Fed. The major data are the flash purchasing managers’ indexes that will be released Thursday for China, Germany, France, the Eurozone and the United States. Investors also will be watching Japan’s merchandise trade data for new clues to global growth.
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