That's why we have to read the news with a pinch of salt. Don't believe what the professional writers wrote. I remembered cnbc wrote about oil price. cnbc : crude oil price went up because the oil inventory is low a few hours later .... cnbc : crude oil price went down because the oil inventory is high and a few hours later .... cnbc : crude oil price went up because the oil inventory is low _____________ What an entertainment.
Exactly!!! I have noticed the same, across financial media. Financial journalism is dead. I have been watching CNBC, since 1998, when I first started on a trading desk, straight out of college. It's very sad what it has become. I only watch the headlines now, and even they change, as the market proves them wrong (think 30 minute intervals!!!). So I have noticed it as well. It's so obvious, it's just dumb. I just mark the FOMC meetings on my calendar, and set an alarm. I tend to be flat on those days, or be extra careful. That's it for me, for news, nowadays. Greetings from Vietnam. I am taking July-August off, for the rest of my life, to explore Asia. Due to my trading hours, I have not been able to stay in Asia for extended periods of time. It's great to disconnect, and clear your head. Just scuba diving, and walking on the beach, and eating a TON of lobster!
bloomberg once ran two stories simultaneously on top: 1. Market down because of BLANK 2. Market up because of BLANK. it was the same blank.
While I can agree with that sentence, I am not entirely sure how you came up with that reply to my post. I found a video of you, by the way https://www.youtube.com/shorts/6MmX5Od7X40
"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway."