Jobs Report: A Lesson About MSM Headlines
Friday's jobs report goosed the stock market. When a market is in a bull trend, bad news doesn't have a huge impact. On the other hand, anything vaguely hinting at good news will give the market a shot of adrenaline. So the jobs report was a good example of the latter. Here's a typical headline:
Job Gains Calm Slump Worries - Investors Send Dow to Record High as Unemployment Rate Falls to Lowest Level Since December '08
Later in this Wall Street Journal Article we find an expert quoted saying:
Here's a good lesson to learn: MSM (main-stream media) headlines should neither influence nor affect your thinking on investing - or anything else for that matter.
The sooner you learn this lesson, the better off you'll be.
(You can read the whole article by clicking HERE.)
Job Gains Calm Slump Worries - Investors Send Dow to Record High as Unemployment Rate Falls to Lowest Level Since December '08
Later in this Wall Street Journal Article we find an expert quoted saying:
Other data also indicate a deceleration in the economy. The Institute for Supply Management's service-sector gauge released Friday fell to 53.1 in April, down 1.3 points from March and its lowest reading since last July.How many people simply caught the headline and never bothered to read the whole article?
Here's a good lesson to learn: MSM (main-stream media) headlines should neither influence nor affect your thinking on investing - or anything else for that matter.
The sooner you learn this lesson, the better off you'll be.
(You can read the whole article by clicking HERE.)
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