Apr

19

 I do it in reverse. I watch the market. If it moves, like yesterday or the earthquake, then I look to see what happened.

Except announcements which are scheduled ahead of time. The market usually seems to be wrong about the news.

News is just a reflection of the tenor of the popular mass and as a result is behind the curve. Markets reflect the same but is ahead of the news as it looks to the future.

The myth that the media likes to perpetuate is that the news predicts or causes the market.


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2 Comments so far

  1. Joseph Brockman on April 20, 2011 1:18 am

    The media always has an explanation for the day’s market behavior
    when many days it is not apparent nor truly decipherable the cause. The what is determinable yet without the why the report
    may make what is already to many a dry subject a true drought.

  2. Essan S. on April 22, 2011 12:15 pm

    YES! After a piss-poor year of trading in 2010 I cancelled my newsfeeds, pulled the plug on the cable news and made some other changes. If things start to boogie on my screen I will dip into a twitter feed to see what the fuss is about or check some other websites. My trading results are better this year -for whatever reason…

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