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I think my analogy was misplaced. What I really meant is that it is not wise to trade the market just based on news. Saddam had become a "non" news, and the markets had already factored this in. His capture is sensational to the news media but for the financial markets it was not. The markets already knew Saddam was no longer important. The knee jerk reaction was mostly a panic factor and speculation. It shows the difficulty and maybe futility in trying to trade the news.
I hope this clears up my point.
Maji
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