Eternal Stupidity

Some things are eternal in this racket, regardless of what the Fed does. One of those eternal things is the stupidity of trading off the headlines before the full story is out.

We saw that exact pattern play out not once, but twice today and it makes me sick to think that people continue to lose money this way. The first mistake? The premarket selling in FedEx (FDX). Here's a stock that's uniquely driven not by the earnings, but by the actual tone and discussion on the call. The headlines are almost always too difficult to decipher. At first glance, when we got the bottom-line number, traders reached for the stock, paying up a buck from last night's close....498 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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