Why Cable Business News Will Push Your Investment To The Ground : Where I used to work, we played MSNBC, CNBC, and CNN Business in the background non-stop. Every market movement relevant to the energy market is followed, analyzed and regurgitated on the channel.
For the oil trading desk where I work, every threat of an Iranian oil embargo, every possible piracy off the coast of Somalia, every Nigerian riot, will send traders away in a flurry of activity.
Back in 2007, oil was trending to infinity and beyond, and everyone was in a good mood. I don’t know about now. But what I mean here is, this type of reporting is good and useful.
For a merchant.
But you’re not a merchant, right? You don’t trade Forex or options for a living, do you? Because if you are an investor – and I define an investor as someone who …Read more