Standing Clear of Today’s Crowd
By Christopher Galakoutis
Friday, July 9 2010 5:30 PM

I was asked the other day what I thought about the Gulf of Mexico oil spill and whether it would impact the markets in a negative fashion.

We see such questions posed every day. Looking for the edge, today’s market participants of every stripe, from the professional to the casual investor with his discount brokerage account, seek out and chop up news items every which way and trade based on the interpretation that rules the day.

Consequently, strong buying following a news story or government statistic may lead to more buying, since it could motivate sidelined, like-minded investors sitting on the edge of their seats, to click the “buy” button.

Read the remainder of this piece at Alrroya.com.



Alrroya.com is a bi-lingual financial news portal in the United Arab Emirates.