Delayed news = Less speculation

The faster the unofficial financial news you get, more is the speculation built into it. However, this is not necessarily always true.

For example, here are different forms of financial news sources in the order of speculation, from highest to lowest
(0) Word of mouth
(1) Wall street floor
(2) Online discussion boards (Like Y! finance)
(3) Stupid Stock alert services
(4) Mainstream news
(5) Analysts announcement of financial status of company

Playing on speculation is not necessarily bad.. As efficient market theory says "Once the news is out, the news is already factored into the stock price."

My favourite TEA-party pictures

Who's really affected by higher taxes on higher income?

Many people often commit blunder in judgment on who's affected by higher taxes on higher income group.

Rich people are rich by what they have earned already. They are not rich because of what they are about to earn. The only way poor people can get richer is by earning higher income. If Govt taxes higher income at higher rates, it robs poor people of opportunity to get rich. Not to mention, higher tax rates invariables affects businesses, which would hire fewer people.

If Govt really wants to transfer money from rich people to the poor, tax people on what they have already earned, not on what they are about to earn..

This probably explains why rich Democrats want to tax higher income group people. Higher taxes on higher income people ensure poor people remain poor.

Never beleive the rich crooks who only pay capital gains on their income and come out in support of higher income taxes for the rich.