Roger Nightingale sees weak consumer demand and little capital spending dragging down Europe early next year after the small blip in GDP from inventory restocking plays out. He also comments on central bank errors in tightening too soon. Soros wrote in The Alchemy of Finance (Wiley Investment Classics)(read reviews at Amazon) that it is important to have a thesis to guide trading. That way you see when the market is wrong and you can take a position against it. Or when it is being confirmed by the market.
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