Monday, February 9, 2015

Central Banks Think They Are Smarter Than The Markets

The central banks think they are smarter than all of us, they think they are smarter than the market and therefore they think, "if we say, it is going to work". But it does`t. Just because Ben Bernanke or Janet Yellen says something, you know, they are nothing more than academics, an suddenly they get these jobs and people think, they must know something. But they don`t. They are academics and bureaucrats, they have no clue, as we are now finding out almost monthly.

Related trading instruments: SPDR S&P 500 ETF Trust (SPY), EURCHF, Swiss Franc;