Buying On the News

日期:2013/08/21

While others ponder the existence of the universe, there was a perfect example of buying on the news. Also deception. The headline was "Fed has consensus to taper". (as if that was bearish). Stocks dropped to a 2 month low, and then calmly went up 15 big points in a minute when the deception was unraveled. A perfect example of how fear can lead you to losses that one has no right to receive. And to think that all the 100 banks and public relations people on the distibution list had a heads up well in advance according to Bus Insider's template.