‘Training markets to react like Pavlov’s dogs breeds dangerous complacency’
“Remember Blain’s Market Mantra No 1: ‘The Market has but one objective: to inflict the maximum amount of pain on the maximum amount of participants.’ To achieve its foul ends, the market sucks us in… and when so much money is sloshing around, just desperate to find something to do… then it gets so much easier. . .”
USAGOLD note: We admit to being one of Morning Porridge’s regular readers . . . Today he brings into the mix an ill-fated investment by his wife.
Repost from 6-11-2019