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Out-of-sync, Negative Pundits Are Getting Louder – So, Stay Positive
It’s called “fighting the tape.” In this market, that means bearish advisers and short-sellers who refuse to admit that they missed the boat. Good news and positive trends are dismissed or ignored, and new negatives are touted as the drivers of the next smashup, just around the corner. Here is one example… »
Avoid ‘Pre-news’ Whipsaw – Be Patient and Apolitical
What do the health care plan, Chinese currency exchange and Wall Street regulation have in common? They are all popular “pre-news” stories. Negotiating stances, trial balloons and political posturing are reported as news, but they are preliminary pronouncements that precede the real news – i.e., the final conclusion. Congress’ health care plan activity is... »
John Tobey on Seeking Alpha
