You can easily find market Freshies ... Amateurs all over irrespective of any discipline you operate. To find a well seasoned PRO is a rarity.
Meaning, almost all can be classified as Freshies Amateurs. This bunch of people will always refer back to the textbook to chart their view simply because they have not been properly seasoned in the market long enough.
Wrongly use the terms ... Expensive Valuation or Too High or Over bought can only means you will be calling for market crash for the rest of your life. On the contrary, Cheap valuation or too Low or Oversold and you will be a forever investor for the rest of your life.
Does one understand why on earth DJIA is in a super bull than defy gravity and so called stereotype Financial Economic analysis?
So many analysts and fund managers are having fun with themselves that no one dare to call market top anymore. Look at USD ... look at DJIA ... what is going on???
IF you depend on textbook economic finance to help you and make you rich, than why did all these people that goes to study and attend this class in school did not make it????
Experience counts. That is the difference between DRIVING a CAR vs DRIVING a CAR on a textbook.
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