Entering text into the input field will update the search result below

A Misconception Believed By Millions

Jul. 05, 2013 4:52 PM ETUUP
Jay Norris profile picture
Jay Norris's Blog
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Momentum, Macro, pattern recognition

Seeking Alpha Analyst Since 2012

Jay Norris is a 20-year CBOT floor veteran, author of the Best Seller "Mastering the Currency Market", McGraw-Hill, 2009, and "Mastering Trade Selection and Management", McGraw-Hill, 2011. He is a Market Analyst and Director of Education at Trading-U.com where he teaches the art of discretionary trading. He can be reached at jnorris@trading-u.com.

Despite widespread government and central bank intervention in the financial markets, price action in the dollar index and commodities show that long-standing relationships are still just as reliable today as ever before.

While stories about a "new era" of trading and investing have been common in the press and on the Internet over the past couple of years, we disagree with their logic. While we certainly are in an economic environment where central bankers wield much influence, we feel that "this time" is really no different than any other market cycle that has played out over the previous 75 years. It still comes down to money and human behavior, and we don't see that changing anytime soon.

Effect over Cause

"This time is different" has become a common theme in market discussions, with many analysts exhibiting the fervor of revival ministers on a Sunday pulpit.

For complete article go to: http://www.dailyfx.com/forex/fundamental/article/guest_commentary/2013/07/05/A_Misconception_Believed_by_Millions.html

Disclosure: I am long UUP.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.