Ignore random market noise and focus on lesser known names - Timothy Sykes

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Ignore random market noise and focus on lesser known names
Apr 01, 2008 12:35 PM UTC

Timothy Sykes

Return	Risk
-22.87%	MID

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Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
GOOG		04/01/08	+25.45%	--
X		04/01/08	-67.42%	--
LEH		04/01/08	n/a	--
WWE		04/01/08	-14.55%	--
WYNN		04/01/08	-40.53%	--
BSC		04/01/08	-7.08%	--
LVS		04/01/08	-78.51%	--
AAPL		04/01/08	+36.14%	--
ILMN		04/01/08	-30.33%	--
WFT		04/01/08	-52.89%	--

Via BloggingStocks:

Filed under: Google (GOOG), Apple Inc (AAPL), U.S. Steel (X), Technical Analysis, Las Vegas Sands (LVS), Lehman Br Holdings (LEH), Bear Stearns Cos (BSC), Stocks to Buy

Google (NASDAQ: GOOG) this, Apple Inc (NASDAQ: AAPL) that, will Lehman Brothers Holdings (NYSE: LEH) follow Bear Stearns (NYSE: BSC) -- bleh, all hotly debated, all random market noise! Noise that you must learn to ignore.

The financial media -- envious of the fat profits generated by such entertainment-based businesses as World Wrestling Entertainment Inc (NYSE: WWE), Las Vegas Sands Corp. (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN) -- has brainwashed you into believing that in order to make money in the stock market, you must keep up to date with every single headline and development in the business world. Hogwash!

I have no problem with financial entertainment, but I do take issue with all these media outlets making their content out to be useful to investors. I've repeatedly echoed this theme in articles like this and I don't expect this industry to change anytime soon, but I am going to keep preaching so you will better understand how low your chances of success are if you bet on the most popular -- hence the most efficient -- topics du jour. Unless you are George Soros or Warren Buffett or a few other wealthy elderly men, there is always somebody better informed and more intelligent than you are. Hence, you are always at a disadvantage.

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