May

16

PreaknessDo horses and stocks have something in common? I note talk that Mine That Bird might like a muddy track to get that edge over the other horses running. Is the study of the racing tabloids like the study of stocks? Is the jockey viewed like the CEO of a company you see promise? Is horse betting like placing a bet on a stock to perform well? What can the market trader learn from what leads up to the actual race?

James Lackey comments:

Oh hell yeah. The poor track conditions give the lesser funded teams a chance to win. When it's easy for everyone to make a mistake, its easier to capitalize.

When conditions are perfect, the markets are in a beautiful, high pressure, low wind, sunny up day, only those with unlimited capital can outperform. Unless of course we juice it.

The markets today are seemingly much improved vs. the Katina flooded out race track from last season. Yet vs. most years, it's quite sloppy. A good chance of rain at any moment, and when the sun does shine the humidity is miserable, the track is sticky and its difficult to breathe. It is a perfect situation for the fast movers that can adapt quickly.

Yet, one must be very careful going for a victory. One false move, the hole closes, we must get off the horse quickly, or come up lame. Run an amateurish race, you can run the horse into the ground.


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