Then how could you attribute the drop to MBI and ABK? I'm sure it shouldn't take traders minutes or two to decide it's bad. The 1475 zone on the ES has pretty strong resistance and as soon as it formed a star on the hourly, chances was that it's going down. Anyways, to each his own. I prefer to trade without needing to pay attention to news and I'm sure there are countless BETTER traders than me that use news to their advantage.