Wednesday, November 09, 2016

Interpretations

It’s not just that the data was ‘wrong’, the media also showed that they cannot be relied upon to interpret it correctly in the interests of an informed citizen base. If you think it is only the Trump voters who are being kept in ignorance, you are deluding yourself. 
Nobody should look at sharp market gains in the lead up to an event like this and simply assume that the financial world ‘expects’ one kind of result. 
I said it before Brexit and I said it again before Trumpshit (see previous post) the markets were being manipulated so that one result - the ‘surprise’ - could deliver significant gains to the big players while the opposite result would not deliver equally significant losses - except to the little guys who had been encouraged to put their faith and their cash in the common sense interpretation.


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