Another week of surreal market actions thanks to all kinds of bizarre news. So what to do now? Hedge funds are definitely forced to chase this market. But should we do that as longer term investors is a different story.
Personally I am leaning on risk off due to the way the market is moving. It is a continuous lack of clarity that drives the market moving in panic again and again. This is not healthy and any unforeseen event happening can have extreme impact on the financial system.
I am not the only one thinking about this. Here is what astrologers are saying about the coming weeks too.
And I find this discussion of China, from Peter Zeihan, a great summary of how wrong he is on everything. His problem probably rooted from his inability to understand that the world has changed so much over the past few years that it is no longer that important to pretend that one can easily predict the future based on some outdated beliefs.
Technicians are having a hard time with the current market environment, Chris Vermeulen’s take makes sense but it is hard to time the top given so many hedge funds are chasing this rally.
I am out of town at the moment with some friends to chill out this weekend.
I needed this break to review and think of what to do next for my ventures.
Have a great weekend all!
