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.
Tuesday, January 8, 2013
Looking Ahead: January 7 through January 11, 2012
Investors focused on the budget negotiations in the U.S. as the old year wound down. They staged a relief rally when an agreement on taxes was reached. However, no agreement was reached on spending cuts and the debt ceiling. The negotiations will continue.
The Bank of England and the European Central Bank will meet Thursday. No policy change is anticipated from either Bank. New economic data revolves around international trade and industrial production for the most part.
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