Obviously, Keynes was correct about one thing: markets can stay irrational longer than you can stay short.
That is where I am at right now. The investment banks must be making a killing, running the market up, only to short it and then make $ on the way down too.
I, however, am not a short term trader. I am placing directional bets with moderate time horizons, based on economic fundamentals.
Patience...
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