Friday, February 5, 2010

In the beginning...

“In the beginning was the Market, and the Market was with People, and the Market was People. People were in the Market in the beginning.” Trading 1:1

That sums it up. The market is only the collective consciousness of society. It is always telling a tale whether or not you agree with the price. Ben Graham once said the market in the short term is a voting machine but in the long term it’s a weighing machine. The market never lies over the long term. In the short term, it's almost always being pushed and pulled by different forces whether they be the psychological blind spots of market participants or an intervening hand. The goal of this blog is to be aware of those different forces over varying time horizons. We will rise above the chess board and study the implications of political and market news on different asset classes from commodities and currencies to stocks and bonds. Let the games begin.


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