Smart Money: It's a miracle! lol

Smart Money: It's a Miracle! lol   Corona Del Mar, CA   Hey ,   Looks like wrong-way E-mini S&P 500 traders finally stopped shorting.   It's a miracle! Unlike sentiment and CBOE put/call data, the non-reportables from the above COT report is actually highly predictive.   You go against them. The Smart Money Indicator is still BULLISH.   Meanwhile, you have people acting like Sherlock Holmes, trying to deduce where the markets will be in a few months.   They gather up evidence (even though they don't have the full picture) and then spit out a half-baked prediction. It's complete hubris and is why economists are terrible market timers.   News flash: Sherlock Holmes (besides being a fictional character) was using deduction to tell him what already happened in the past!   He didn't predict jack.   You have to use induction to make probability-based predictions because the world is a complex system.   I said the same thing in 2009 when everyone was just learning about CDS's and MBS's.   And what did they say when the markets took off like a rocket over the next decade?   "I had no idea they'd do that!"   I should write a blog post about it when I get back.   I'm off to wine country for the weekend.   URGENT   I just got done recording an urgent message.   I have good news and bad news.   Watch here immediately >>   Trade smart,   Dan "Prince of Proof" Murphy                               Portfolio Boss, Inc. 260 Newport Center Dr, Suite 100 Newport Beach, CA 92660   Don't want to stay in the loop with Dan? We'll be sad to see you go, but you can unsub to no longer receive emails.