TICKETS TO THE TRUTH ON SALE HERE
I don't care much for news out of Europe. In fact, the number of minutes I have spent reviewing the news flow out of Europe is equivalent to the minutes I have devoted to palming the tailpipe of Lamborghini Aventador after a 175 mph run on a racetrack. In both cases, I don't like to be burned. And in both cases, by performing a particular act you will get burned.
Bias is a deadly psychological parasite that can reconfigure mental synapses in ways that are detrimental to investor performance. You don't realize it when you are partaking in the activity of simply digesting a news story, but biases are being constructed the entire time. The more talked about or legitimatized the story, the stronger the biases have the potential of becoming.
If news, data and interpretation of what EU finance ministers say was a means of making consistent money in the markets your typical economist or academic would be high siding through Manhattan in a Bugatti towing a gold plated trailer filled with bikini clad South American models on his way to a luxury submarine outing. The Forbes 400 list would be filled with the articulate incompetents you see on CNBC daily that made fortunes simply interpreting news and then having the market do exactly as expected based on that news.
News doesn't make you money. It makes you aware. It makes you a conversationalist. It is a form of ongoing education. It does nothing to benefit speculative activities in the financial markets. The more macro the basis for the article, the more useless it is to act of creating wealth.
With that said, later on today I will be providing my weekly chart review that consistently assists those who are interested in finding an edge in the marketplace to do just that. Let the majority sink their teeth into the news out of Europe, grasping for an advantage in the marketplace that they will never find.
Tickets to the truth on sale here.
