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Ignore the Scary Clown in the Funhouse
Submitted by vickers
on Tue, 07/12/2011 - 7:59pm
CNBC will light up the trading and living rooms... Bloomberg will blare the evening's dim lights as markets roll across the world.. The evening news will "give light" to the weeks housing and employment numbers... The market may rise on seemingly terrible news and collapse on great news. We pay far too much attention to what -the news is. We are influenced by talking heads and commentators... pundits and prophets. Yet the only thing that matters at all is PRICE. Price is what we buy, price is what we sell, price is how we try to manage risk. Price is where we win or lose. Price is where the real effort of our attention should be placed for we buy and sell at prices, News and opinions don't matter.... Imagine that scary clown in the funhouse demanding your attention, ignore him... Ignore the news-



