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on CNBC only meant that it could be in play for the next few minutes and not necessarily more than that. |
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As you follow analysts and commentators, you will develop your own read with respect to who is usually right and which sources are normally wrong. At any given time, you want to determine the assumptions and reasons underlying anyone's predictions. The prediction is not as important as the rationale behind the forecast. |
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You can follow the news on your computer by clicking on to a rolling report of financial news headlines. Chart 6-1 is a fragment of news headlines from March 4, 1998. Each item is time-dated in military-style time. The headline of the news article can be opened by the click of a mouse to display the entire news report. In my judgment the news is not as important as some traders think. |
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The factual story is not as important as the spin the analysts put on the facts. The market has performance expectations on |
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CHART 6-1.
Some news headlines from March 4, 1998.
The news is not as important as some traders believe. |
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