Tuesday, July 27, 2010

The economy, or the market?

I just read this, which makes me think about all the time spent reading and and trying to predict the future of the economy...may be is better to use our time and brain to study and analyse business and companies instead of the economy...because in the market, we are the ones that takes the decisions (we decide in which side of the trade stay). On the other hand, In the economy, the decisions are taken by everybody, except us.

"Forecasting stock prices based on a forecast of the economy has almost always led to disappointment. 
Rather, the stock market should be seen generally as a good predictor of the economy—although not always."

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