Buy the Rumor, sell the News...

Just a reminder for all you boys and girls out there. Something to keep in mind the next couple weeks.

 

Someone!, Quick! Bring the meme of the Mallard!

 

What was the rumor? The news are usually coming out Friday afternoon...

 

Where have you been for the past year?

 

a case in point (FED day play with bank stock)

 

isnt FOMC meeting tuesdays?

 

Wednesdays

 

I heard a rumour that someone said there's going to be some news. This is only hearsay but it is true.

 

What I am referring to here, kids, is the long held rumor of a major corporate tax cut.

Markets rise based on expectations. The actual even is often a trigger for many to pull the plug.

Thus...in my experience "Buy the rumor but sell the news" has proven in many cases to be right on the money.

 

But at the same time if you fail, you will be losing money that you wouldn't really have lost, if you didn't wanted to play big guy