Trading stocks on whether there’s a deal by January 1 is a
fool’s errand. In the long run, the market just doesn’t care about that stuff,
writes Daniel Gross.
….Stock trading is a fool’s game to begin with. Very few
investors can beat the market. The market is dominated by insane, hyperactive
machines that frequently don’t know what they are doing. Professionals mostly
fail at beating the indices. And a bunch of those who do, we’re learning, are
clumsy cheaters. (Pro tip: if you’re IM’ing about insider trading, don’t use
phrases like “I don’t want to go jail.”)
Watching and reacting to what Congress people say about the
cliff negotiations and the prospects of a deal won’t give you an
edge—regardless of what the headline writers say. Why? Well,……
Read all about it at http://www.thedailybeast.com/articles/2012/11/29/the-stock-market-doesn-t-care-about-the-fiscal-cliff.html
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