Danny used to remind people that he bought shares not stories. Charts of price patterns are easy to read. The trend is your friend. Prices spend more time in the trend than they do in a turn in the trend. There are many price patterns that reliably reflect group emotions.
The Dow chart is bullish.
Money and Words
Money is stored labor and words are stored ideas. Money is like art. Art is a verb, not a subject. Like the Benny Goodman song says in the song title, It is not "what" you do, it is the "way" that you do it. Finally, politics is gossip. Called rumor in the market, 70% of rumor it has been said often turns out to be true. Rumor, like gossip, is people said. People said reflects people spirit. This blog talks to issues spirit, not to people said. This is only what I say, everyone else does what they say. Links to other Sunset Stroller sites below.
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