This is a perfect statement, I wish I had said it. “Things that make sense do not make money”. Mark Fisher from MBF Clearing was the first person that I heard say it in a presentation in Las Vegas this past month. He talks about how he searches articles from all of the major publications for the word “despite”. It perfectly sums up my strategy, exploit inefficiencies in the market. I do not have the link to talk but if someone does please let me know.
This of course is much harder than it looks. The market does not have to make sense in the short term. I specifically look to profit from short term inefficiencies in the market. I cannot argue that it is getting out of control. An indicator or market, especially derivatives, is only as good as the quality of the participants.
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