To: pissant
No, they certainly aren't. However, mkts act NOT on what is happening or what HAS happened, but rather on what the mkt participants **believe** -- whether for sound or unsound reasons -- will happen in the future.
148 posted on
08/01/2006 10:20:35 PM PDT by
SAJ
(Strongly suggest buying Dec EC, JY, AD straddles, this week. Somethin's GONNA give.)
To: SAJ
THat is why markets are speculatory. And the speculation is often wrong.
149 posted on
08/01/2006 10:24:06 PM PDT by
pissant
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