Floyd at www.oexoptions.com won the 2008, 2009, and 2010 Readers Choice Advisory Service Awards from Stocks and Commodities Magazine. At www.Bluechipoptions.com we offer weekly Dow projections, daily Twitter updates, free option and stock signals, our blogs, and numerous articles on trading the market.
Monday, July 20, 2009
Identifying False Facts
http://www.bloomberg.com/apps/news?pid=20601087&sid=aHcr2O3tkOCo
The obvious will show that "things are improving".The market may take this as "the real estate market is gaining ground". Oops. One in every two homes being sold in the U.S. is sold out of foreclosure.Skews those "happy facts" a bit, doesn't it.
The Floydian Lesson: Read information, but do not believe interpretation.