Petróleo sob pressão após ataque dos EUA ao Irão

[Ulisses Pereira]

Rev Shark
Games That Matter
7/14/03 01:34 PM ET

"Over on Street Insight, Herb Greenberg is writing about how a "gamed" market makes a mockery of reasoned analysis. In other words, no one is paying any attention to the very compelling short arguments for a number of stocks. Herb makes the following comment: "In this market, stocks rise until they don't. Investors who feel like geniuses because they're riding a meteoric rise should consider themselves lucky, not smart."

I have to disagree with Herb's "lucky vs. smart" comment. That statement is premised on the idea that the only valid way to play the market is based on fundamentals. If you bought a stock with lousy fundamentals, and it goes up, you just happen to get lucky. Herb is overlooking how much real skill it can take to read the emotions of the market in the short term.

"Gaming the market" is what it's all about in the short term, and that takes a tremendous amount of ability and insight to do on a consistent basis. Long-term fundamental analysis isn't any more legitimate or pure than gaming psychology, emotions, shorts squeezes, etc., in the short term.

If you dismiss gamesmanship to focus solely on fundamentals, you better hope that bad luck doesn't wipe you. The market can be irrational far longer than you can stick to validly held fundamental positions. Ignore gamesmanship at your peril. "

(in www.realmoney.com)

[Incognitus]

eheheh, O homem ultimamente é o mais interessante. Podes colocar o último dele sobre "Games That Matter"?

Obrigado.