Monday, March 28, 2005

Correlation or Stupidity

A few months ago there was a bunch of hoopla over Fundamental versus Technical Analysis. The argument has been raging for years, but was spurred this time because of the firing of a whole technical analysis team from a bulge bracket bank.

The correlation being that if this "big time" bank was getting rid of their entire TA team, then TA must be useless. I obviously beg to differ, but that was their argument.

I wonder what these same people would say about this headline from today's Wall Street Journal "Disney Cuts Strategic-Planning Unit". A subscription is required, but the headline is enought to get the gist of my argument. Obviously Strategic-Plainning is useless now.

Best Regards,

The Soothsayer of Omaha


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