Looking for Opportunities in an Irrational Market Place [View article]
What difference does it make that the market interpreted the EIA's Weekly Inventory report of oil wrong? If there's truly a market for oil it'll self correct if in fact the data was interpreted wrong. Most traders would have interpreted the data the same way the market did and made money. The market isn't "right" or "wrong"; it just reacts. If you can anticipate its reaction, whether that reaction be "right" or "wrong" you'll make money. For some reason, now long forgotten, I'm in the market to make money not to be "right".
Looking for Opportunities in an Irrational Market Place [View article]