Bad News is Good News
For weeks, no, months we have been bombarded with nothing but negative news about the economy in general and thousands of individual companies. The stock market has dropped thousands of points and more than $8 trillion in paper assets have disappeared. Note I said paper assets because until you turn it into spendable money these numbers are but a figure on a piece of paper. Sure that doesn't make you feel any better when you bought Lucent at $80 and have seen it go to 80 cents. You could have protected you profits or reduced your loss if you have placed an open stop-loss order with your broker. Brokers hate this, but YOU must protect you capital because he is not going to. This past 2 weeks the bad news has continued to be shoveled out by the news media, but instead of making the market go down it has rallied about 1,000 points. Having been a floor trader for many years my experience with this kind of reaction tells me what is going on. The market is ignoring the bad stuff and has decided to go UP. Hooray! The traders are grasping at anything that looks bullish and not paying any attention to the negatives. The market had become so oversold that almost anything will cause it to advance. Now you want to know if this is "the Bottom". No one can know for sure because the long -term trend remains down and is still in place. The voice of the market is now clearly saying, "I don't want to go down for a while". It might even allow the stock prices to continue to rise. How far and for how long - don't ask. No one knows. The stock market remains an enigma wrapped in a mystery. A few very astute (or lucky) folks are able to understand market language and make profits whether it goes up or down. Mr. Average Broker (also Mr. Average Financial Planner) has no idea what the market is saying. They have not taken the time to learn their trade. Many times what is actually bad news makes the market go up. Here is one example. The weekly unemployment figure comes out to show there were 30,000 fewer jobs. That isn't good news. The DOW jumps up 100 points. Huh? The Wall Street mavens were predicting job losses of 55,000 so this number is a blessing. See what I mean? It is not the actual news, but the difference in what was expected and what actually occurred. You can apply this to almost every statistic put out by important government and private agencies. The same applies to good news that does not move the market up. What you think you see is not always what you get. Before you grasp any figure as either bullish or bearish find out what number was expected and wait for the reaction to it. Bad news can be good news and visa versa. Al Thomas' book, "If It Doesn't Go Up, Don't Buy
It!" has helped thousands of people make money
and keep their profits with his simple 2-step
method. Read the first chapter at
http://www.mutualfundmagic.com
and discover why he's the man that Wall Street
does not want you to know. Copyright 2005
|
|
 |
 |
|
SciCastLive.com: A New Social News Site for Science and Technology News
SciCastLive.com is a new user powered social news site with a focus on science and technology topics.
Making the News - Tips from A News Journalist
What makes a good media release and how do you engage the media with your story idea? How do you pitch stories to the media, especially hard-nosed news hounds who can sniff out a 'puff piece' a mile away?The media receives literally hundreds of media releases a day, many which are instantly disregarded. Why? A number of factors contribute to the demise of a media release, one key aspect however that contributes to a well written and published releases is the writers ability to be media savvy, that is identify the aspects an editor is looking for when selecting the day's news.
New Conference Reveals How to Make News When There's No News
Top media relations practitioners share tips on how to get ink for evergreen stories and other "magical" techniques for generating press attention--Thursday, July 24, 2008.
Mixr Media Launches Ningin.com, the Premiere Social News Site for Asian News and Entertainment
Mixr Media announced the launch today of Ningin.com, the premier user-driven online destination for Asian-related news and entertainment stories.
Realty News Now - News and Information about the Real Estate Industry
The Real Estate-Focused Blog will Cover Topics such as Luxury Real Estate, Property Management, Green Building, Vacation Properties, and also Tips and Tools from Experts in the Industry.
(AHN) All Headline News Expands Sports News Team Lineup
AHN, a leading news agency and content provider has announced the expansion of its Sport News Services (http://www.allheadlinenews.com/content-services/sportsnews) with the addition of Jay Gilmore as Sports Scores Editor and the promotion of Matt Aug to Sports Editor.
Celebrity News Service Expands Entertainment News Service Offerings
Leading news and content service provider announces the addition of the Lifestyle & Arts and Celebrity Profiles to its entertainment and celebrity news service. (CNS) provides around-the-clock coverage of the latest news coming from the world of entertainment, art, books and Broadway and music with exclusive interviews with the stars and staff that work both in front and behind the curtains at today's hottest shows.
Concrete Network TV: Newly Launched Weekly News Show Delivers Hot Topics in Concrete
The Concrete Network, known for being largest and most comprehensive source for concrete information on the web, has launched Concrete Network TV, a new weekly news show covering the most interesting news and topics happening in the concrete industry.
(AHN) All Headline News Expands Sports News Services With Multi-Sport Scores Feeds
Leading news and content service provider (AHN) All Headline News, announces the addition of sports scores to its existing line-up of sports news and content services.
Services available for: NFL, MLB, NBA, NHL, WNBA, international soccer, college basketball, collegiate football.
Full Disclosure Network® Reality TV News Series "Jamiel's Law & the LAPD" (Convicted Illegal Gangs & Deportations)
Full Disclosure Network® is releasing a special two-part cable TV series, featuring Jamiel Shaw, Sr. and U.S. Army Sgt. Anita Shaw the parents of a murdered 17 year old football star. Jamiel Shaw, II was gunned down, just steps from his Los Angeles home, by an 18th Street gang banger who was also a criminal illegal alien. The series is to be featured on 45 cable systems and the Internet starting Sunday, June 15th 8-9 p.m. and Monday June 16th 4-5 p.m. on the L.A. Cable Channel 36.
|
 |
|
