Big Debt Crises
by Ray Dalio · 9 Sep 2018 · 782pp · 187,875 words
bad, consistent with our view that the TARP won’t be a game changer. Friday’s price action in stocks held to the classic buy-the-rumor, sell-the-fact pattern. Except that normally you get a big rally into good news and a selloff after the news is fact, culminating in a net
Trade Your Way to Financial Freedom
by van K. Tharp · 1 Jan 1998
months. When the bullish news is eventually reported, the market may well move in the opposite direction. That’s why the old adage of “Buy the rumor, sell the fact” seems to work so well. (Of course, the same logic applies to bearish news as well.) Be Careful about Reacting to Fundamental Reports For
Hedge Fund Market Wizards
by Jack D. Schwager · 24 Apr 2012 · 272pp · 19,172 words
bottoms—the wrong way—based on emotional decisions and market activity rather than technical or fundamental analysis. I learned the value of the classic “buy the rumor, sell the facts” kind of trading because it put you on the opposite side of retail buying. I also noted how the most obvious technical patterns were
Why Stock Markets Crash: Critical Events in Complex Financial Systems
by Didier Sornette · 18 Nov 2002 · 442pp · 39,064 words
past price movements [53]. Rumors Many on Wall Street think that rumors move stocks (see Figure 4.3). The old Wall Street saying, “buy on the rumor, sell on the news,” is alive and well, as can be seen from numerous sources in the media and the Internet. Rumors can drive herding behavior strongly
Brazillionaires: The Godfathers of Modern Brazil
by Alex Cuadros · 1 Jun 2016 · 433pp · 125,031 words
change this reality with new discipline.” Of course, not everyone was losing money on Eike. Every day brought a fresh reason to buy or sell his companies. Rumors mingled with real news, and his share prices oscillated wildly. It was a feast for speculators. First came news that Malaysia’s state oil company, heeding
Extreme Money: Masters of the Universe and the Cult of Risk
by Satyajit Das · 14 Oct 2011 · 741pp · 179,454 words
comedy sketch. One John tells the other that State Street Global Markets has issued research stating that “market participants did not know whether to buy the rumor, sell the news, do the opposite, do both, or do neither, depending on which way the wind is blowing.” Then, a few days later, ABN-AMRO analysts
Wall Street: How It Works And for Whom
by Doug Henwood · 30 Aug 1998 · 586pp · 159,901 words
before and after important announcements like stock splits, dividend changes, and the like. These provide statistical confirmation of the Wall Street axiom to buy the rumor and sell the news: most of the change in price around such announcements occurs before their public release, suggesting that a significant fraction of investors are remarkably prescient
Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined
by Lasse Heje Pedersen · 12 Apr 2015 · 504pp · 139,137 words
on a position before something is broadly known and unwind the position when the information gets incorporated into the price based on the motto: Buy on rumors, sell on news. If you know a rumor to be true, then you could be engaging in illegal insider trading (as Gordon Gekko, played by Michael Douglas
Reminiscences of a Stock Operator
by Edwin Lefèvre and William J. O'Neil · 14 May 1923 · 650pp · 204,878 words
for Livermore, one he expressed again and again to reporters who sought out his secrets. Today we would recognize the concept by the phrase “Buy the rumor and sell the news.” William Hamilton, the fourth editor of the Wall Street Journal, wrote in 1922: Jesse Livermore was quoted in the columns of Barron’s
Fed Up!: Success, Excess and Crisis Through the Eyes of a Hedge Fund Macro Trader
by Colin Lancaster · 3 May 2021 · 245pp · 75,397 words
this hits the Bloomberg terminal, it has already been baked into prices. By the time it hits CNN or FOX, it’s already old news. Buy the rumor, sell the fact. Futures are down again. The markets know we are in a race against time. The USA is embarking on its sharpest downturn since the