It’s a thankless task to try trading when it seems that all of the relevant inputs are unscheduled exogenous shocks. But, as former trader ansd fund manager Rich Breslow notes, we often have no choice. The Bloomberg editor points out notably that the market reacts and only considers what it means afterward.
Submitted by Patrick Buchanan via Buchanan.org,
As the returns came in from South Carolina Saturday night, showing Donald Trump winning a decisive victory, a note of nervous desperation crept into the commentary.
Political analysts pointed out repeatedly that if all of the votes for Marco Rubio, Ted Cruz, John Kasich, Jeb Bush and Ben Carson were added up, they far exceeded the Trump vote.
Why this sudden interest in arithmetic?
As the returns came in from South Carolina Saturday night, showing Donald Trump winning a decisive victory, a note of nervous desperation crept into the commentary.
Political analysts pointed out repeatedly that if all of the votes for Marco Rubio, Ted Cruz, John Kasich, Jeb Bush and Ben Carson were added up, they far exceeded the Trump vote.
Why this sudden interest in arithmetic?
Today’s Republican Nevada caucuses offer Rubio a chance to do something unusual by winning a race:
“Rubio needs to win somewhere,” Michael Bowers, a professor at the University of Nevada-Las Vegas. “He cannot continue to declare victory when he’s coming in second or third. Nevada could be a good state for him to start doing that.”
Tim Alberta reports on how South Carolina Gov. Haley’s endorsement of Rubio is being spun by his opponents:
This is smart spin, aimed at inflating Rubio’s expectations in the run-up to Saturday’s primary. It’s also an entirely fair observation.