Episode 96: Election Day 2012, Trading the Problem Not the Solution, and Who to Follow on Twitter

Summary: Episode 96 was recorded on the morning of U.S. Election Day 2012, so your host Rob Booker begins by offering a few thoughts on this particular race between President Barack Obama and Governor Mitt Romney. More specifically, Rob asserts that the Markets follow the problems of the day and not necessarily the leader who’s elected afterward. In short, as traders, we don’t really look for the next election; instead, we’re looking for the next problem. The opportunities in trading occur when the problem happens. Rob discusses what it means when you cast your vote for a particular individual. And in this episode, Rob also talks about the words “hope” and “change” and how hope isn’t a trading strategy. In this show Rob also makes some endorsements of his own by listing off the names and Twitter handles of people and organizations that he trusts and follows which analyze the markets or bring you pertinent news. Rob looks at where we get our information, where we get our facts, and where do we get some interpretation of those facts in order to get a better understanding of what’s actually happening. Check out Rob's list of recommendations below, and be sure you don't miss this episode! Links for this episode: For fundamental analysis after an event occurs: Ashraf Laidi of City Index = @alaidi Kathy Lien at BK Asset Management = @KathyLienFX Boris Schlossberg at BK Forex = @FXflow For real-time news information in short bursts: Reuters Insider = @ReutersInsider Reuters Top News = @Reuters Bloomberg Now = @BloombergNow RT = @RT_com Fox Business = @FoxBusiness Breaking News = @BreakingNews Jason's Mostly Movie-Related Twitter Recommendations: Rob Booker = @RobBooker The Traders Podcast = @TradersPodcast Instant Netflix = @Instant_Netflix Dave Becker's DVD Infatuation = @DVDinfatuation Film critic Eric D. Snider = @EricDSnider Jason = @MovieCastWeekly