Last Week S&P 500 and Gold Rallied; News was Negative
November 26, 2012 - 7:17pm
Last Week S&P 500 and Gold Rallied; News was Negative Courtesy of JW Jones of TRADERS VIDEO PLAYBOOK The amount of negative news that we have seen recently has been mind-blowing. Europe is going into recession, Greece and several other countries are on the verge of bankruptcy, the Middle East is a powder-keg, and the U.S. is facing a fiscal cliff. Shockingly for most retail traders, the past week has produced a very strong return for U.S. equity indexes as well as risk assets in general. Retail investors often times lose money because they focus on the financial media and all of the negative news that is out there. However, there is never an absence of negative news or potentially poor economic possibilities. Markets certainly can decline, but news is overrated as a driver. The markets are cyclical in nature and never move in a straight line. Based on what I was reading fr...
Continue reading this article »
Share This Article: