Is there such a thing as being over-prepared? Do you actively search for market news? Before the Internet, a novice such as me relied specifically on my father-in-law’s expertise.
With the World Wide Web, access to information is infinite and at our fingertips.
Twitter has received its fair share of popular news time lately. On Twitter, start with following The_Real_Fly, IBC Financial News, and iBankCoin. Add Option Addict, Ragin’Cajan, Raul3, as well as bloggers from the Peanut Gallery. Check out their list of following and followers for ideas and links to market news. Some recent pages I have started to follow are Jeff Macke, StockTwits, Seeking Alpha, Minyanville, Moody’s Investors Svc, Dow Jones, and Market Watch.
At census.gov, one can find information data on housing, population, income, economic indicators, and information on business and industry. Careful, it is a time warp! It’s easy to lose four hours going from one link to another reading and absorbing data.
Moody’s Corporation web page has a news and events link. You can follow up to the minute Moody’s rating action on world Governments as well as Companies. Moody’s also offers a list of upcoming events related to the market and political/economic groups.
Market Watch is a good source of stock market, financial, and business news.
If you’re not on overload yet, check out the U.S. Bureau of Economic Analysis (BEA).
The tab on the left titled News has links to the U.S. Economy at a Glance: Perspective from the BEA Accounts. (BEA produces some of the most closely watched economic statistics that influence decisions of government officials, business people, and individuals. These statistics provide a comprehensive, up-to-date picture of the U.S. economy. The data on this page are drawn from featured BEA economic accounts.)
Next is Current Releases followed by News Release Archive.
Located within the information for media section, you can find the latest news releases.
For example: International Trade in Goods and Service.
- Total March exports of $176.6 billion and imports of $217.1 billion resulted in a goods and services deficit of $40.4 billion.
- March 2016: -$40.4 billion
- February 2016: -$47.0 billion
Open the tab Congressional Quick Data and you will find the following statistics:
- GDP statistics for U.S., State, Metropolitan areas, Fixed Assets
- Personal Income statistics for U.S., State, County, Metropolitan areas
- International Trade in Goods & Services statistics
- Travel and Tourism statistics
Yes, these are your tax dollars at work. There is a wealth of information on this site.
The stock trade application I use is consistently adding new features on current news that I can employ for my watch list. If you are using a trade application, take full advantage of their news.
As my son, Brian pointed out; when he was in school, researching a subject involved a trip to the library. One of our prize possessions at home was a set of encyclopedias. Now my grandchildren are given an iPad in the 3rd grade to help with their reports and research. Times change and we learn to adapt. But in our home, you will still find a set of encyclopedias and books to read.
Happy hunting.
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