Investors have followed the debt ceiling talks in Washington mostly with dismay, selling stocks when the news seemed most gloomy but buying when hints of a deal have surfaced.
The market gyrates constantly on headlines, but you should pay them little heed. Trading on day-to-day news events may be a good strategy for professional investors, but not for individuals whose long-term goal is wealth accumulation. One reason professionals profit from these events is that people listen to bull or bear...
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