Friday, January 7, 2011

Here's a free tip

If you are like me and like to be in the know on all things going on in the financial world then you can't ignore the free market commentary and intraday alerts from the happenings of the credit markets especially in Europe. The best tool for this is to subscribe to a RSS feed from Markit here. Use a reader like google reader and you won't miss the important financial news from the credit markets each day. Remember what happens in the credit markets almost always lead the equity markets. Notable story of late is that there is quite a consternation in Europe still with the news that senior bank bondholders may have to take haircuts on any sovereign debt restructure. Some bank credits are now trading at record wides. Check out the latest alert here.
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3 comments:

  1. DavidJanuary 7, 2011 at 4:38 PM

    Hi MC tks for the new feed. It really is a matter of judging which information to digest, and forget the rest, isn't it? Infoglut is the nemesis of the Modern Man. After OptionPit reports, and 20 RSS blogs the real value lies with intuition and application.

    I am on Reuters Insider which is an iphone and web subs I scored through personal channels - it's all video clips which suits my superficial 'need to know' personality :)
    dP

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  2. Michael ChinJanuary 7, 2011 at 5:05 PM

    Hi dP,

    It certainly is a matter of judging which info to digest. The best way to have your finger on the pulse is to only read material written by other traders (successful ones at that) because that kind of information is valid pretty much all the time (ie tradable info). For example SMB Capital, SurlyTrader, OptionPit, Adam Warner from Daily Options Report. Please don't read stuff from John Mauldin, Daily Reckoning, David Rosenberg and other economists. The reason being is that type of info doesn't help you as a trader and indeed can cause you to be so biased to one side of the market that you will not be in sync with it (no matter how objective the info seems to be). I've got more to talk about on this subject so that might be the subject of a good blog post.

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  3. DavidJanuary 8, 2011 at 1:52 PM

    Hey Michael, yes I am down from 20 feeds to 12 now as some were beyond me. Aiming for quality and info that gets me into action rather than causes analysis paralysis.
    Absolutely blog on this one, I look forward to it.
    dP

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