Credibility of news sources

Money Trust said:
I guess that would depend on your reason for reading the news.
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Zacks is in my opionion releasing "news" only for deceiving the masses of small investors.
I observe this for many years now. I'm not reading nor following anything of Zacks, but I just shake my head how they manipulate the public to do wrong investments. They know exactly what they do, and Average Joe doesn't understand their true intentions... Ie. making the masses to lemmings...
 
I don't think Zacks has an ulterior motive to intentionally deceive investors. I do think it is one of those clickbait companies that creates auto-generated content based on a catalog of templates with fill-in-the-blanks from company press releases and earnings reports, in the hopes that the link makes its way around facebook, yahoo finance, etc, so that it generates ad-impressions.

I'd put "capital cube" in the same category. There are probably a dozen others...
 
Ryan81 said:
I don't think Zacks has an ulterior motive to intentionally deceive investors. I do think it is one of those clickbait companies that creates auto-generated content based on a catalog of templates with fill-in-the-blanks from company press releases and earnings reports, in the hopes that the link makes its way around facebook, yahoo finance, etc, so that it generates ad-impressions.

I'd put "capital cube" in the same category. There are probably a dozen others...
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That sounds like auto-blogging.
 
marsman said:
Zacks is in my opionion releasing "news" only for deceiving the masses of small investors.
I observe this for many years now. I'm not reading nor following anything of Zacks, but I just shake my head how they manipulate the public to do wrong investments. They know exactly what they do, and Average Joe doesn't understand their true intentions... Ie. making the masses to lemmings...
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Believe it or not, that's kinda the purpose of the mainstream financial media. For that very reason is why a lot of traders prefer the charts.
 
Anything is shit except the proper channels: Bloomberg/Reuters/DowJonesNewsWire... and even they are lousy at times

Let me rephrase that... anything that's older than seconds is crap for active trading. For analysis you can use most, except the ones that push a certain program... basically anything that favors gold/metals...
 
Trading news, the release doesn't affect y, it affects x. Then it comes down to reliability of the news and even the best get it wrong but at least you have more confidence in the quality and, in theory, less whipsaws. As if the outcome isn't already factored in when the news comes out, funny!
 
birzos said:
Trading news, the release doesn't affect y, it affects x. Then it comes down to reliability of the news and even the best get it wrong but at least you have more confidence in the quality and, in theory, less whipsaws. As if the outcome isn't already factored in when the news comes out, funny!
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It's better to trade rumors in stead of news anyways... ;)
 
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