The New York Times caught our attention with a “feeling blue about the market” article.

The above article offers:

I’m shocked at the level of apathy – perhaps even pessimism – about the market, given the current environment for stocks…The public has this thing really, really wrong. The dollar rallied when it wasn’t supposed to…bonds rallied when they weren’t supposed to. All eyes are on the Fed…and how far they are going to go and how long it’s going to take them to get there.

Our thoughts:

• Why does the mainstream press focus only on one market – the broad stock market index? The great traders don’t do that. Why should you?
• You can’t predict the dollar’s direction. So why was it supposed to do anything?
• You can’t predict bond directions. So why was it supposed to do anything?
• Great traders don’t watch and make decisions off the Fed. Great traders watch and make decisions off market price movements.

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