Headline Trading Offers No Edge

As if we needed any further proof, seeing the market move higher on Bernanke's comments, which really did not deviate from the comments made just a short time ago, demonstrates how much this market is driven by headline traders. Given the speed of the reaction and the pattern, it doesn't feel like it is human traders either.

I know this isn't really a shock to many, but just another confirmation there is little edge to trading into a headline in the current environment. Everything that was red -- equities, precious metals, U.S. Treasuries -- has now rallied back to flat or even into the green. All for one and one for all. I've made it no secret; I just don't have a big comfort level when this trifecta takes hold....220 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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