I try not to absorb too much outside market commentary from individual money
managers. It's not that I think I am better than their work - I just would
prefer not to be overly influenced by another investors perspective. As we
are all keenly aware of, most market participants talk their own books.
Why should I let it influence my individual methodology and approach - if our
investments thesis and goals are worlds apart?
With that said, I do listen to whatever Steve Leuthold says with Doberman-like
attention. His deep history with the market and unparalleled record for presciently
walking ahead of it, speaks for itself.
Here's a rather interesting clip of him I mashed up from March 4, 2009 on
Bloomberg Television. It's well worth four minutes of your day; considering
he runs through our past, present and potentially future market conditions
- all the while commenting from the front row seat of the Financial Armageddon
train, that was running a multi billion dollar book on March 4, 2009.
Although I am an active trader, I have always taken a broad perspective when
approaching the markets. I respect the Big Picture and attempt to place each
piece of information within its appropriate context and timeframe. I have found
that without this approach, there is very little understanding of ones expectations
in the market and an endless potential for risk.
I am not a stock picker - but trade the broader market itself in varying timeframes.
I want to know which way the prevailing wind is blowing, where the doldrums
can be expected and where the shoals will likely rise. I will not claim to
know which vessel is the fastest or most comfortable for passage - but I can
read the charts and know the risks.
I am not a salesperson for the market and its many wares. I observe it, contextualize
its moving parts - both visible and discrete - and interpret.
I practice Market Anthropology - Welcome to my notes.
Erik Swarts is not a registered investment advisor. Under no circumstances
should any content be used or interpreted as a recommendation for any investment,
trade or approach to the markets. Trading and investing can be hazardous to
your wealth. Any investment decisions must in all cases be made by the reader
or by his or her registered investment advisor. This is strictly for educational
and informational purposes only. All opinions expressed by Mr. Swarts are subject
to change without notice, and the reader should always obtain current information
and perform their own due diligence before making any investment or trading
decision.
Circle Us