I just started daytrading. It's been more addictive than anything I've ever experienced. But on the plus side, it's gotten me in tune with the world financial news.
My conclusion is that no one knows shit. There's just no such thing as true "knowledge" in this situation. Sure, some theories will happen to be correct because all possible outcomes are predicted by somebody, but in reality, you don't know what's going to happen. It's a lot like fantasy football - you can predict all you want, but there's a reason they play the games, and weird shit happens in the games.
To that end, I want to encourage people to take an interest in the markets. It may seem like gambling, but be assured that no one knows anything more than you do. It'll either go up, or go down, so it's a 50/50 proposition. And if you get educated, you'll beat the odds. Cheers!
-HK
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