Liquid Millionaire - isaco

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Liquid Millionaire
“war,” “recession,” “bear market” and any other forms of negativity. Th e
best investors in the world never get sucked into the pessimism of the
media and always instead look at the facts. I tell you all this because
there are going to be times from this point onwards–where the market
is telling you that all is well but the majority of people are saying the
opposite.
Stay Away from Know-It-Alls
When I tell people that the market has been acting well–even though
the news headlines say the opposite–it never surprises me when a person
decides to challenge my market outlook. Th is challenger nearly always
turns out to be a know-it-all who is totally fi xed in their thinking.
Th is person might say something like, “But what about the price of oil?” or
“A recession is looming and that’s going to aff ect the market,” or “Th e dollar
is putting serious pressure on sterling right now.” But every time I hear this
type of talk, I always refer them back to supply and demand and remind
them about price and volume action.
I say to them, these are the facts. Th e facts say that right now all is
well. I also remind them that I cannot predict into the future. But what
I can do is to tell them what is happening right now and where the
market is likely to head in the immediate term. Th ings can quickly
change and the professionals from time to time alter their stance based
upon new information. How this news will aff ect the market and stocks
is constantly being fed to these professionals hour by hour and minute
by minute.
How to Read the Market Like a True Pro
In other words, the big institutional investors can be bullish one minute
but then discover some new information that overrides their optimistic
outlook. At the end of the day, to eff ectively read the market like a true
pro, you have to remember that it really does not matter what is happening