Re: FOMC Minutes


ausound <ausound@xxxxxxxxxxx> wrote in message
news:Xns99A1903C185E3ausoundspambogco@xxxxxxxxxxxxxxx
JBoatcapt@xxxxxxx wrote in news:1188618993.111046.189830@
50g2000hsm.googlegroups.com:
On Aug 31, 9:06 am, "DaveR" <dav...@xxxxxxx> wrote:

At least this page claims to have "Breaking
News". I will find out how fast they put up the links here next time
around.

With all due respect, I don't think you can beat CNBC on such economic
releases as Jobs or FOMC rate decisions.

Not only are they timed to the second, they include the fast decision-
making refections of the pros..those who make a living decipering the
language used by the agency involved.

To wit: Steve Liesman and Rick Santelli. Liesman is a guy who learned
the trade via books and classrooms. On the other side is Santelli,
whom I call "The Chicago Pit Bull" simply because he very often
exibits a heated contrary opinion to both Liesman or CNBC guests who
may appear on the economic event's segment. Santelli is a vet of the
pits..he knows the heat and the heartbeat of the products traded and
thus knows when the throat is open to the kill.

By going to the Fed's website, reading the multi-paragraph text, and
then making a move in these real time markets, a trader may find
himself 200 points behind the market's move in just a few minutes.
Sure, reading the report in detail later is wise, but to depend on
one's immediate reading when released may not offer the quick,
professional awareness that CNBC is watched for by traders and
investors around the globe.

I suppose one could cut & paste the particular troublesome verbage [like
about inflation], and use the ctrl-F search feature, dropping the words
stored in your clipboard and if the words remain the same... you take the
appropriate action
just shooting from hip with this thought....

Try the computer concept of "natural language processing"...I
actually do a certain amount of this myself to extract data from
written reports, and for non-idiomatic dry economic analyses like
a Fed report the software I have could do a pretty good job
detecting the "slant" in the report...

with the absence of tony ross' blacklist seems stock conversation might
be able to blossom and grow...

Oh yeah, that'll do the trick...I didn't even know the reports were
missing, I liked them myself...hopefully, they'll be back when Snotty
gets back from vacation...

---
William Ernest Reid
Post count: 779



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