but let s understand how this nonsense gets perpetrated so it doesn t mislead you. first, it s true, there are patterns to things. we like to look at the technicals, right? so to speak because they show some patterns that you can try to make money from. we accept the fact that if a company has a pattern of missing it s quarters then we shouldn t touch it until that pattern comes to an end. we totally buy into the notion that the economy tends to slow when the fed raises rates. that s a pattern you see time and again. that s called economics but these other patterns, the season ones they just don t hold up under any scrutiny. for example i heard today this very morning that february can be a cruel month based on a bunch of bad februaries. today dr. stanley fisher spoke at the counsel while he was certainly more dovish than he s been emphasizing data dependence he didn t take the rate hikes so, we did a rate hike. we should wait a considerable because of the worldwide turmoil s
that s called economics but these other patterns, the season ones they just don t hold up under any scrutiny. for example i heard today this very morning that february can be a cruel month based on a bunch of bad februaries. today dr. stanley fisher spoke at the counsel while he was s certainly more dovish than he s been emphasizing data dependence and not the need for rate hikes he didn t take the rate hikes off the table but had he done so, we did a rate hike. we should wait a considerable period until we do another because of the worldwide turmoil since the last hike and then the averages would have roared higher today even as the softer comments i would contend did provoke a rally. does that mean if today would have been good we would have been in good shape for the rest of the month? does that mean that we would call into question as january goes so goes the year. that would be nice january wise and however the answer is no this is a tale told by an idiot. signifying not
so we re in trouble. and at the beginning of every year have to hear this ridiculous trap and every year have to come out here and debunk these observations tell you nothing. even on a day like today where the dow closed down 17 points. s&p losing.4%. this tells you nothing about tomorrow or the next month or the next year. so tiresome. but let s understand how this nonsense gets perpetrated so it doesn t mislead you. first, it s true, there are patterns to things. we like to look at the technicals, right? so to speak because they show some patterns that you can try to make money from. we accept the fact that if a company has a pattern of missingng it s quarters then we shouldn t touch it until that pattern comes to an end. that the economy tends to slow when the fed raises rates. that s a pattern you see time and again. that s called economics but these other patterns, the season ones they just don t hold up under any scrutiny. for example i heard today this very morning tha
we totally buy into the notion that the economy tends to slow when the fed raises rates. that s a pattern you see time and again. that s called economics but these other patterns, the season ones they just don t hold up under any scrutiny. for example i heard today this very morning that february can be a cruel month based on a bunch of bad februaries. today dr. stanley fisher spoke at the counsel while he was s certainly more dovish than he s been emphasizing data dependence and not the need for rate hikes he didn t take the rate hikes off the table but had he done so, we did a rate hike. we should wait a considerable period until we do another because of the worldwide turmoil since the last hike and then the averages would have roared higher today even as the softer commentsts would contend did provoke a rally. does that mean if today would have been good we would have been in good shape for the rest of the month? does that mean that we would call into question as january g
technicals, right? so to speak because they show some patterns that you can try to make money from. we accept the fact that if a company has a pattern of missingng it s quarters then we shouldn t touch it until that pattern comes to an end. we totally buy into the notion that the economy tends to slow when the fed raises rates. that s a pattern you see time and again. that s called economics but these other patterns, the season ones they just don t hold up under any scrutiny. for example i heard today this very morning that february can be a cruel month based on a bunch of bad februaries. today dr. stanley fisher spoke at the counsel while he was s certainly more dovish than he s been emphasizing data dependence and not the need for rate hikes he didn t take the rate hikes off the table but had he done so, we did a rate hike. we should wait a considerable period until we do another because of the worldwide turmoil since the last hike and then the averages would have roared hi