Stock market commentary, analysis, insight and opinion of the RightLine Editors is available every Tuesday/Thursday evening & Saturday
afternoon. The following is excerpted from the:
July 18, 2019 - The RightLine Report
Notes From The Editor
You've got to admire the media. They provide a non-stop flow of market and business news twenty-four hours a day. I guess we shouldn't be surprised when a few un-confirmed theories slip into the data-stream from time to time.
There's a lot of pressure on those folks to present enough attention-catching content to keep us tuned into their networks. Plus, they have to balance all of this newsy stuff with a lot of distracting advertising in order to pay the bills.
Af few years ago my retired friend Pep'r told me that cable tv news channels average approximately seven minutes of news for every five minutes of commercials. I certainly didn't question her numbers. She had plenty of time to research the subject and a nifty Casio watch to make sure her numbers added up.
At RightLine we typically refer to two types of market information - Signal and Noise. Signal is anything that helps us to make money, and everything else is Noise. Our primary focus is to deliver as much signal as possible, with just enough healthy noise to maintain the relationship of trust we've built with our readers over the years. After all, we're people first, and traders second.
My friend Pep'r made that point very clear when I told her Warren Buffet's company stock was trading around $85,000 a share at that time. Her immediate response was to raise her hand in the air, smile and say, "May he live forever!"
Thomas Sutton, Editor
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