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Trading before news is a fools game when everyone does it. When that
happens the news no longer makes the market. Rather, the market
itself tailors the news release. As a result, the market becomes efficient,
and like clockwork, the best and the brightest
change tactics immediately, while the rest scratch their heads either
into another career, or despair.
Saturday, November 8, 2003, 6:52:35 PM, you wrote:
TBR> trading before news is a fools game, and the market is
TBR> teaching the fools this lesson, it is also a sign of
TBR> speculation, which becomes popular in later market stages.
TBR> regards,
TBR> tbr
>>
>> To those experienced traders who have been in the market for
>> a while:
>>
>> In the last few days, the general market would rally to the
>> good news
>> before the news is out. However, as the news is out, the
>> markets sell
>> off. Is this an indication of market topping? What do you
>> make of it?
>>
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