Apprenticed Investor: Lose the News
The latest "Apprentice Investor" column is up at TheStreet.com. Its called "Lose the News."
This column warns investors to be wary of what they read and hear in the Financial Press.
Here's the ubiquitous excerpt:
Have you ever noticed how the stock market reacts differently to the same reported events?
Why is it that we sometimes sell off "in response to rising oil prices," but at other times the "market rallied, despite the rise in the price of crude"?
How come a selloff was caused by a suicide bombing in Iraq, but a week later, the markets shrugged off an even larger, deadlier bombing? Is it possible that the markets are responding to forces other than the latest headlines?
Short answer: Absolutely. Yes.
Longer answer: Keep reading.
Prior columns can be found here.
Thursday, June 16, 2005 | 02:00 PM | Permalink
| Comments (4)
| TrackBack (1)
add to de.li.cious |
digg this! |
add to technorati |
email this post

TrackBack
TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00d8342400e753ef
Listed below are links to weblogs that reference Apprenticed Investor: Lose the News:
» Apprenticed Investor: Lose the News from Online Trading - Real Time Comments, Market News
Barry Ritholtz has published a great story on TheStreet web page. I found it through The Big Picture blog. This is one of the best market related stories I have read lately and I think it is absolutely mandatory reading for every trader or investor. It... [Read More]
Tracked on Jun 16, 2005 5:32:36 PM
Comments
Barry,
Great article. It's been a long time since I've read something where I kept saying, "Right On!" and "You Nailed It," so much.
I think the print financial press is much better than the cable business shows -- mostly because a publication like Barron's will allow the space needed to fully explore an investor's thinking. TV is nearly worthless, except for the rare interviews such as the Julian Robertson one you mentioned, or the few with John Templeton I recall from years past.
Posted by: John Bethel | Jun 16, 2005 6:13:51 PM
The comments to this entry are closed.