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
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
posted by LB at 10:13 AM
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