Gobbledy-gook
November 22nd, 2005 by BWV
Excerpted from a Reuters article (not recent, but it doesn’t matter):
- “Gross-domestic-product data released Thursday showed that economic growth in the 12 eurozone countries slowed to a 0.3% annual pace in the second quarter from the first, but an export-led rebound seems to be under way. Economists are paying close attention to a bounce in industrial production in Germany for signs of lasting buoyancy in capital spending.”
Now that’s just ugly. And boring. I learn nothing from jargon like this from the dismal scientists.
Exactly what action is one supposed to take based on some macro news such as this? You gotta time your buys & sells somehow. That’s why I love approaching the markets technically rather than fundamentally… makes the job more like a poker game and less like academia.
I certainly do not know how to trade profitably off of such macro data.
And I’m curious.. Does anyone?
