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Daily Speculations The Web Site of Victor Niederhoffer & Laurel Kenner Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter; a forum for us to use our meager abilities to make the world of specinvestments a better place. |
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8/27/04:
Tony Corso: What I've
Learned .. .
- first thing i learned, [and one of two things i remember from my late 1980's
eurodollar days] "only 8:30 numbers are important, quarter of 9 numbers like
purchasing managers don't mean anything" [yeah i know they are important now,
but that will pass, in the early 1980's 3:45pm money supply used to be important
too]
- second thing i learned "when the number is bearish, and the market rallies
anyway, somebody knows something you don't know, get the heck out of the way"