"There is no group more subjective than conventional analysts who look at the same 'fundamental' news event -- a war, the level of interest rates, the P/E ratio, GDP reports, the President’s economic policy, the Fed’s monetary policy, you name it -- and come up with countless opposing conclusions." said Prechter
Also, these experts rarely show you a chart. Which is too bad, because a simple chart can quickly put an end to a "fundamental" discussion of various "what ifs." See above.
Also, these experts rarely show you a chart. Which is too bad, because a simple chart can quickly put an end to a "fundamental" discussion of various "what ifs." See above.
MyView
It is true, lots of times conventional analysts look at the same "fundamental" indicators and yet comes up with OPPOSING conclusions. Like Prechter said correctly, a simple chart can quickly put an end to a "fundamental" discussion of various "what ifs."
Not many bother to go beyond the headlines. After all, all the headlines are copied from each other. In view of that, conventional analysts/experts are basically "GUESSING" and they have never, never done a research to support to their indicators by charts. Lets not talk entirely about the broad market, let talk about a company which the auditors' opinion was qualified over a going concern issue subject to new funds raised, guess what, the share price doubled.
What we see or hear may not be what we want it to be reflected in the financial markets, period.
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