"..Traders have no choice but to "ignore reality" and go for the ride. A turret-bound buddy wrote me:
"I don't care about the numbers, the economic data, whether Iraq is in a Civil war, if the President gets impeached, who controls congress, what a company does, whether we fall into a recession or if China buys Europe and turns it into a Disney theme park. My world is defined by what I see on my four 20 inch monitors in front of me. Everything else is noise."
That's what is driving the markets."
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