Get used to it

Hey, you’re that guy from CNBC right?

Yeah.

Your kid on one of these teams too?

He’s on the Tigers, 10U. 

Nice. Nice move this week by the way.

Yup. Think the Dow was up 1,000 points in four days. 

Lemme ask you something about that. I watch your show…so, the market started rallying when it looked like tariffs were going to be so bad that the Fed was going to cut rates as insurance against a slowdown, right?

Yes. 

But then the tariffs are being called off, and it rallies even more!

Yeah. 

So which did the market want?

This is going to make me sound like a dick, but the market wanted to go up. I don’t think it mattered what happened. We just use these things as a reason after the fact to look smart. 

You’re telling me if tariffs had gone into effect the market would have gone up.

Yes. And then everyone would have said it’s because of us getting a rate cut. 

So now no tariffs and we go up anyway?

Yes. 

But that’s so stupid…

That’s how it works. It’s not meant to be intellectually satisfying. It’s meant to take money away from people who think they can explain things. Worst traders and managers I know are the guys with answers for all this stuff. Get used to it. 

(silence)

So what’s that Doctor J guy like?

 

What's been said:

Discussions found on the web
  1. click here commented on Sep 21

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2019/06/09/get-used-to-it/ […]

  2. pinewswire.net commented on Sep 23

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2019/06/09/get-used-to-it/ […]

  3. wigs near me commented on Sep 25

    … [Trackback]

    […] Here you can find 17504 additional Information to that Topic: thereformedbroker.com/2019/06/09/get-used-to-it/ […]

  4. bitcoin evolution commented on Oct 01

    … [Trackback]

    […] Here you can find 53827 additional Information on that Topic: thereformedbroker.com/2019/06/09/get-used-to-it/ […]

  5. DevOps as a Service commented on Nov 02

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2019/06/09/get-used-to-it/ […]

  6. 홀덤사이트 commented on Nov 16

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2019/06/09/get-used-to-it/ […]

  7. tangerine login commented on Nov 26

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2019/06/09/get-used-to-it/ […]

  8. buy credit card numbers commented on Nov 27

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2019/06/09/get-used-to-it/ […]

  9. 아찔한달리기 commented on Nov 29

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2019/06/09/get-used-to-it/ […]

  10. 안전공원 commented on Dec 15

    … [Trackback]

    […] There you will find 8428 additional Information to that Topic: thereformedbroker.com/2019/06/09/get-used-to-it/ […]

  11. replica rolex commented on Dec 21

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2019/06/09/get-used-to-it/ […]

  12. enter tangerine commented on Jan 16

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2019/06/09/get-used-to-it/ […]