Don’t Gamble on Your Next Trade…

When I was younger, I used to make the pilgrimage to Las Vegas the first week of March Madness. I had a good analytical system to help place my bets — and it was quite a rush watching dozens of games simultaneously at the sportsbook. However, the silliness of seeing a meaningless basket blow up the spread at the end of the game was an all-too-often reminder that even with a good system — this was strictly gambling.

You Think THAT was a Crash?!?!

Markets have been through dozens of crises in the last decade. And guess what? We made new all-time highs following each one of them. As an old trading veteran, I know that markets can be irrational and do not have to reflect current fundamentals. This is always true. But markets can also forecast a better financial future. Optimism always wins!