You Could Choke On This Bad News Pill

Larry from Brampton, Ontario writes about bad news:

I always hear how company’s have lost so much money, like Rogers this week  with a loss of hundreds of millions. I think this is based on their forecast for the year or quarter.but not sure if this is correct. Should they not also report How Much Money They Made? It`s always the bad news they report .

Hi Larry,

My great pal Steve Kalil taught me that there’s no good news and there’s no bad news. There’s just news. How you respond to the news will determine the outcome for you and your family.

Sell Off In Place For 19 Months

When you take the case of Rogers Communications getting whipped this week on their quarterly results where they wrote down the value of assets in their television operations it was the continuation of a downtrend that the stock has been in place  since July of 2007!

As you can see, Larry, following the news isn’t as important as following the trend.

If you are looking for good news, and by that you mean stocks that are going up, then start looking at the gold stocks.

Happy Capitalism!