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Catching Big Waves - a trader's journal of surfing the the markets
"EU partners have warned that no more bailout money will be handed to Greece, which is expected to run out of cash in weeks, unless it meets its budget and reform pledges. Tsipras says the EU is bluffing "
"They've turned Greece from a sunny paradise to hell," said Dimitris Skizas, a 69-year-old whose pension has been cut. "People have lost their smiles, they are in despair and committing suicide. This is worse than the war in the 1940s."
I missed the news about the downgrade of France until just a few minutes ago...and the market responded by breaking out to the upside? The timing may be such that it triggered the retreat first, but still an odd reaction. Other than it was an easy target?
I have gone from having my squawk on all the time, to only turning it on for scheduled releases. It started to screw up my bias subconsciously. Funny that I positioned myself long technically yesterday about 5 minutes before the big news hit, and as it started to up quickly, it took me a moment to realize that it was even news-related. Another side effect of knowing too much extraneous news recently is that if it doesn't make sense (as in your example of a France downgrade, and buying the result), I would sometimes get so pissed off at the illogical reaction that it would cloud my judgement. So, a quick glance at the major headlines for me in the morning, and a look at how the hang seng did, and how the dax is currently doing, and that's it for me.
I am just curious as the the timing, not that it was online befire it was known, just trying to understand something. The question of manipulation, which may be a myth, but... Not trader necessarily,
