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Buy! Buy! Sell! Sell!

Buy! Buy! Sell! Sell!

This is a funny cartoon by KAL on the cover of Economist in 1989.  This cartoon describe how the stock market really works on day to day basis.  In short term, neither technical analysis nor fundamental analysis can predict the movement of a certain stock.  Within a single day, whether a stock goes up or does down depends on a group of irrational brokers.  That’s why small investors can never profit in day trading.  Timing the market is just like gambling in a casino, except the casino may have better odds.

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