If market is forward looking, why does it ever go down?

I put money on the loser

 

He made money behind the iron curtain and got arrested for it

 

And therein lies the psychological edge. Streetsmarts... with a lower-case "s".

 

I hope this is a compliment

 

It was.
One can analyze companies all day long and that will forever pay off in the long run.... but for day/swing trading, ya gotta be able to smell bullshit and understand the power of group-think as it applies to herd mentality. Like I always say:

 

True that
William Eckhardt says that also