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Keeping it Simple | Ep. 19: Narrative Nation… Cool Story Bro…

Keeping it Simple with Simplify Asset Management

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What I'm Saying Is It Time to Fade It

Harley: When it appears in your Bloomberg email in the morning it's time to fade it right give you another quick example. JP Morgan is probably the first report and financials I think JP Morgan and Goldman Sachs go first let's say JP Morgan they report a grid number for whatever idiosyncratic reason, same day both those stocks are up. Two days later on mad money Kramer will come out and say bye bye bye for financials because he's saying okay you know they reported great earnings and it's because X Y and Z. That's what markets do we create stories to explain why something happened that is the business of Wall Street  is to tell you why you should buy or sell

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