The markets in the long run are no doubt driven by fundamental economic laws; if the United States runs a persistent trade deficit the dollar will eventually plummet. But in the short run money flows less rationally. Fear and, to a lesser extent, greed are what make money move. That’s a fact. In watching the money move around, I began to anticipate its next move, and manoeuvre a few of my 50 billion dollars in front of the next wave.
