Humpty ComDols Sat on a Wall ...

If you get a chance, we think Martin Wolfe’s piece in the FT today is worth the read, as it compares where we are in this global recession relative to where we were this time during the great depression. I like the part above we used in Quotable:

“The policy response has been massive. But those sure we are at the beginning of a robust private sector-led recovery are almost certainly deluded.”

Delusion has always been part of the market process. It always will be. And it’s why trying to find the perfect trading algorithm is a long journey with no destination in site.