Most people are so accustomed to hearing that market action is driven
by the latest announcement by the Fed or a recent political debacle that they no longer stop to think. Those who do think
can only arrive at the conclusion that conventional market discourse is a waste of time. The entire premise
of conventional analysis – that social events drive market events – is erroneous. That’s why conventional
analysts are always encouraging you to do the wrong thing at the wrong time and scrambling
to explain market action after the fact.