Quote by Ralph Wagoner
Almost all market players, seem to have their eye on the direction of the dog, and not the direction of the owner.
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Summary
This quote implies that most market players are focused on short-term outcomes or immediate trends, often paying more attention to what is presently happening in the market (symbolized by the dog) rather than paying attention to the long-term strategy or decisions made by those who control the market (symbolized by the owner). It suggests that rather than reacting to short-term fluctuations, it is important to consider the bigger picture and the actions of the market influencers.