Investors and traders who succumb to headline-induced volatility do themselves an injustice. Media-promoted emotive pap (nonsense), usually accompanied by subjective talking-head 'expert' commentary, often abrogates from intelligent strategic insight... As a practical example review yesterday's intra-day chart for any of the major European equity indices. Greece's to-referendum-or-not-to-referendum .., BBC-rumoured resignations / 'official' political retractions, Super-Mario's surprise rate cut on debut and his subsequent commentary at the ECB Q&A press-conference each had a profound peak & trough influence on the global markets...
It would be wise, perhaps, to lift the emotive-veil and understand stock-valuations, earnings expectations, consumer sentiment, the cost of credit, regulatory change, dividend yield & default swaps before contemplating any strategic adjustments or revision.
Very few professionals deny the premise that successful traders / investors usually confine short-term headline-driven market shocks to the emotive bin. Most appreciate that mainstream market-commentary is white noise and or conjecture, at best...
It would be wise, perhaps, to lift the emotive-veil and understand stock-valuations, earnings expectations, consumer sentiment, the cost of credit, regulatory change, dividend yield & default swaps before contemplating any strategic adjustments or revision.
Very few professionals deny the premise that successful traders / investors usually confine short-term headline-driven market shocks to the emotive bin. Most appreciate that mainstream market-commentary is white noise and or conjecture, at best...
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