Smoking Securities

Half Baked High Finance

Quote Critique

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“News on stocks is not important. How the stock reacts to it is important.”

– Michael L. Burke (Investors Intelligence)

Trading news is a good way to get eaten by the sharks that tip journalists. Although fundamental news is valuable, it lags the market by many months. It serves to explain market behavior in hindsight, not cause it. I only watch CNBC after hours, and rarely glance at the Bloomberg headlines intraday. The trading news I’m interested in is the scheduling of economic announcements in order to anticipate the volatility that surrounds the unpredictable.

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Written by chucklesamadeus

March 5, 2009 at 12:52 am

Posted in Quote Critique

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