Here are the Four Laws of Market Dynamics, including the new Fourth Law.
The first two are inherited, and you are familiar with them.
I. Don’t fight the Fed
II. Don’t fight the tape. AKA, The trend is your friend.
The third, added a couple of years ago.
III. All chart patterns are bullish.
And now the fourth.
IIII. If IRR is zero, value is infinite.
Explanatory Note IIIIA-1, As IRR approaches zero, PE approaches infinity.
Explanatory Note IIIIA-2, As defined, P, the Price of an investment, equals the inverse of the gravity of a black hole.
[adinserter block=”2″]
