Tick Talk

Consumer Discretionary Sector is Going Down

jdmiller: I like the report. In fact, I was sold that same bill of goods from my Alma Mater. All in all, I'll bet that most of us like to think that there is order in economics. However, I have yet to see national money matters follow any such continuum. Our leaders are different, the populace is different, our global influence/susceptibili... is different. While there is the adage that those who do not learn from history are apt to repeat it; there is no guarantee that those who understand history won't make bigger mistakes. Oh, if business schools are so smart, why don't they publish a handbook for avoiding the ups and down? In summary, backtesting is 20/20, but successful fronttesting (just made that word up) belongs to those who comprehend past, present and future.