Career Advice

The expectation of some serious action from Bernanke was enough to put the fear of God into the shorts in the market. Shorts are being squeezed out as we head into the Friday that will save the world. This could be one rational reason for the rally in the markets. The other could be that the valuations are cheap relative to the valuations of the last few years. If they were cheap in July, then they are cheaper now. Yet another could be that some data that crawled out in the last few days was better than expected and that the market is reacting to that. Depending on ones predilections one can choose ones favorite explanation. From my last few articles, you will know that I go with the first.

It is beautiful, how one can make up rational sounding reasons for what happened in the market. If only there was a job which involved only doing that! I tell you I would have been unbeatable. The key to success in that field of rationalizing the movement of the market is to make it sound as if the explanation you are propagating was known to you all along i.e. not based on hindsight. Your body language/tenor of the article should hint at the possibility that you could have accurately predicted this move if only someone has bothered to ask you in the first place. Most importantly it should leave the audience/readership with the feeling that they need to contact you to get these pearls of wisdom before the market actually made the move.

Given the inherent laziness of most people, nobody will ever bother contacting you. But your reputation as that of a person who should be read/listened to will only grow. Who knows, you might finally end up as a strategist at one of the top tier banks! Having doled out career advice to those who have just started their careers in the market for FREE....I will also dole out freely what I intend to do in the markets. I am short and will remain short until 4994 is triggered!!!