If the economic reports are good, we can buy....
If the economic reports are poor, we have the Fed backstopping the markets, so we can buy.... (the moral hazard argument)
Conclusion: The market is a one sided bet, and hence we are bulletproof. Information is just details.
Summary of David Tepper theory. [Sep 24, 2010: [Video] Appaloosa David Tepper - Ben Bernanke Will Make Everything Go Up in the Can't Lose Environment]
After a month long break market players are back to the mantra.
Trader Mark
http://www.fundmymutualfund.com/
If the economic reports are poor, we have the Fed backstopping the markets, so we can buy.... (the moral hazard argument)
Conclusion: The market is a one sided bet, and hence we are bulletproof. Information is just details.
Summary of David Tepper theory. [Sep 24, 2010: [Video] Appaloosa David Tepper - Ben Bernanke Will Make Everything Go Up in the Can't Lose Environment]
After a month long break market players are back to the mantra.
Trader Mark
http://www.fundmymutualfund.com/
