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Originally Posted by PaceAdvantage
Have you acted because of this news (that was talked about yesterday on the front page of CNBC in the midst of the strong rally)? Just curious.
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Recessions happen. If there is one on the horizon a year or so out, to me, that's the normal course of events. Will it happen? I have no idea. I find these inverted curves interesting facts. Are they predictive? Have been in the past, but who knows going forward. Two things are a given: 1. Markets overreact. 2. Short-term rates higher than long term rates is abnormal. It just doesn't make sense, at least to me.
That being said, I'm a day trader. I no longer try and predict what the markets are going to do. Been proven wrong too many times. (Been right many times, but bad timing.) Instead, I try (as best I can) to react appropriately to what the markets are already doing.
That approach has helped a lot. Quite a lot.
