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The Never Ending Quest for “Why?”

Holy Grails | May 4th, 2011

Whenever there is market movement, it is necessary for a Wall Street analyst to feel that he or she knows why it occurred. Almost always what they say is worthless.

How many examples happen every day year after year?

  • odin

    “monday morning quarterbacks”, I love to check the Bloomberg Currency news (I trade FX) and see how they rationalize what has already occurred. What’s even more entertaining is that what occurs is often contrary to what they predicted only the day before. One recent example being the pro canadian dollar articles (due to the conservatives winning the election) followed by articles explaining why the looney was getting hammered by the dollar. Good stuff.


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