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Mr Market’s periscope

9 0
15.02.2024

Mr Market knows best, goes the old saying, so perhaps its best to look at the wild swings at the stock exchange to make some sense of what is in store for “we, the people” as the latest slugfest between the political elite about who stole whose mandate makes judges controversial and lawyers rich all over again. Luckily, Mr Market does not give a toss about who is right and who is wrong, or if one that happily accepted establishment largesse last time is justifiably angry that others who have done it before might have done it again, etc.

The market only cares about one thing; whether there is certainty or uncertainty going forward. And, as every trader who’s lost money on the floor will tell you, it hates nothing more than uncertainty, not even bad news. So, while I’m sure it’s very important to respect the “people’s mandate” in a land where it’s never ever been respected and all that, I’m not going to sit on my hands and wait for a miracle.

I’m more concerned about whether the........

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