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| Can't Trust It! |
Cramer's 9th commandment of trading is, don't trade headlines. The main stream press is usually wrong with its take on the market. After all most journalists aren't traders or former stock brokers. Usually by the time they report something it is already too late to profit from the information you see on the evening news.
There are some good financial news outlets out there. It is good to watch business programming and look at what the business media has to say. That being said it is very important to know the whole story behind a stock. I have found that many times there is much more to a story then what is reported on CNBC or Fox Business. Never rely completely on any news out let for your trading decisions, learn to do your own homework. That is where true success lies.
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