For the past three months in Power Profit Trader, we’ve talked about the stock market plummeting, unemployment hitting record highs, and different strategies we can use to get our portfolios stable again.
But we never really touched on how the access of information is affecting the market.
If this pandemic happened two decades ago, you would be getting the news from the daily paper that landed on the doorstep first thing in the morning, the 5 o’clock broadcast, or you waited on the dial-up internet.
I mean, this morning when I woke up, I grabbed my coffee and scrolled through my favorite sites for market updates, I read the news, checked social media – all in a span of a few minutes.
And I can rinse and repeat this all day long – 24-hour news in the palm of my hand.
I can still remember the first time I called a friend from my cell phone asking for directions back in 1988 – and that’s all it could do. It was a phone that was roughly the size and weight of a brick that just made calls (that were usually dropped, if I might add).