I'll pick my post thanks.
Your logic is illogical.
Why would a fundamental analyst/trader ditch their method of analysis from what was a big market shock? Surely they know that these shocks happen all the time in the markets.
No doubt a few fundamental traders lost money but surely if still in business they would have learned from the experience and built that into their analysis process for the future? I very much doubt they would have said something like 'the Swiss peg break proves once and for all that fundamental analysis is no good so I'm going to ditch it'. If they'd said that to me I'd ask them for their reasons and they I'd be ready for a load of nonsense and ums and ahs.
Anyway, most fundamental traders haven't got anything to do with Swiss Franc assets and although the move echoed around the world the majority of unrelated markets weren't effected that much and soon got back to their normal ways. And the good fundamental analysts would have viewed the Swiss peg break as an opportunity of some sort just as they do with ALL sudden market shocks.
Fundamental analysis is an old as the ancient Egyptians and is never going away for the vast majority of investors (note, not traders).
Your logic is illogical.
Why would a fundamental analyst/trader ditch their method of analysis from what was a big market shock? Surely they know that these shocks happen all the time in the markets.
No doubt a few fundamental traders lost money but surely if still in business they would have learned from the experience and built that into their analysis process for the future? I very much doubt they would have said something like 'the Swiss peg break proves once and for all that fundamental analysis is no good so I'm going to ditch it'. If they'd said that to me I'd ask them for their reasons and they I'd be ready for a load of nonsense and ums and ahs.
Anyway, most fundamental traders haven't got anything to do with Swiss Franc assets and although the move echoed around the world the majority of unrelated markets weren't effected that much and soon got back to their normal ways. And the good fundamental analysts would have viewed the Swiss peg break as an opportunity of some sort just as they do with ALL sudden market shocks.
Fundamental analysis is an old as the ancient Egyptians and is never going away for the vast majority of investors (note, not traders).
Road To Wisdom? To err and err and err again, but less and less and less...