HOUSING #'s
- Thread starter S2007S
- Start date
Quote from Pa(b)st Prime:
Of course it's old.
Just by virtue of you or I knowing the news means it's old.
If you think there's an edge in making market responses to stuff in the public domain then go for it. I choose to stop making the same mistakes....well after a thousand times or so.
Not to sound like Gordon Gekko but "tell me something I don't know."
I got pasted several years ago being short futures when Freddie Mae or Fannie Mac or who ever that crossgender lender is was having problems. I was probably the last guy in America to notice.
I'm not into thinking. Neither markets nor I are rational. My best trades have been catching markets that are moving for no apparent reason. Bulls climb a wall of worry. Not the type of fundamental information that drives buyers.
I suggest you spend more time reading the tape and less time reading the news.
I have to disagree wholeheartedly that us knowing it makes it old news. Those statistics are not widespread and no one in the news is discussing anything like that...they're about 3 steps behind that report in the widely available public media. That is why people like Angelo Mozilo can go on Mad Money when they should instead be at Senate Hearings and tout their stock and not get asked any questions...amazing.
It's your lax attitude that allows guys like that to be comfortable.
Trading is not so fun to me...I prefer the buy and hold on small caps that has made me hundreds of percent gains...it's easier and I sleep well.
My obsession with this issue is more on a human interest level than making money...although I intend to make a lot of money from it as well.
I'm not sure you read that paper...if not, it's your loss.
Good luck.
