Three Reasons to Scrap GDP
Make sure the fortune that you seek Is the fortune that you need. - Ben Harper, “Diamonds on the Inside” Typically, the biggest impact GDP has on the life of an options trader is the response of the markets to each new release of quarterly GDP estimates. But the whipsawing knee-jerk reactions of the markets to economic datapoints are immature and shallow, at best; traders who care only about the symbolic and immediately tradable impact of economic data are…
Sunday, April 6, 2008
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