Kouk is putting the boot into MB for no apparent reason today:
On a slow news day this is a good opportunity to underline the main lesson that the Kouk’s method offers investors. While it is important to stay abreast of data flows, it is just as important to be fitting each data piece into a larger strategic picture. No matter how much attention that you give to the former, if you don’t have the latter then you’ll end up flip-flopping every five minutes as data flows jump around. Remember that it is the trend that matters!
For instance, the Kouk is busy celebrating the rise in the iron ore price today and framing it as the Budget’s savior when in fact all we are witnessing in iron ore is typical market volatility and the trend remains firmly down.
