I currently have a subscription to both WSJ and FT. For the longest time, I wanted to drop one of these subscriptions, but I couldn't choose. I'm leaning towards dropping WSJ, and replacing my US based news source with the Bloomberg website. I went to the site, and I found it somewhat difficult to navigate through it all. Is there any methods that you would like to share on how to get the most out of reading news articles from Bloomberg? Is it even wise to replace my WSJ subscription with Bloomberg website? I want to start reading everyday, but I want to make sure I get the most out of the little time I can spend to read. Thanks!
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Get rid of the WSJ. Keep FT if you can afford to do so. I would focus on the key market articles on Bloomberg dealing with US equities, bonds, FX and commodities. Everything else is just noise.
@TraderDaily - Is there a good time to read Bloomberg? Should I read it in the morning with FT? I can keep the FT subscription. I know the content on Bbg is constantly updating, but they don't have a "printed" edition.
listen to bloomberg radio in the morning, they'll go over important stuff, then just skim the headlines. if you don't have a particular area you really really care about but want general info, you'll be paralyzed if you try to read everything. headlines are your best bet, what you want to read will evolve over time.
@TraderDaily - Is there a good time to read Bloomberg? Should I read it in the morning with FT? I can keep the FT subscription. I know the content on Bbg is constantly updating, but they don't have a "printed" edition.
@TraderDaily - Is there a good time to read Bloomberg? Should I read it in the morning with FT? I can keep the FT subscription. I know the content on Bbg is constantly updating, but they don't have a "printed" edition.
@Joel-Gill Jr: You can read it in the am or pm. I like to find out what to expect in the morning before the bond market opens at 8am. If a job report is coming out that morning im already abreast of how equities and bonds will likely react in the am. I may read a little on my phone on the train before i get to work.
@Joel-Gill Jr: Any further questions?
In your experience, do you find any content in WSJ that is missing from Bloomberg? Between the two, who reports the news first?
Bloomberg is always first because it's digital. Although WSJ is digital too if you get it online, it's just not the same. But sometimes it's not about being first. It's about being different. Bloomberg has more depth and breadth, whereas the WSJ is going to be more abbreviated news from the previous day. Heard on the Street makes you think but frankly, their analysis can be done on your own when you follow the market enough.
I sit in front of a Bloomberg terminal all day so I can tell you that Bloomberg's news is going to be more important to you if you care about what is going on from a macro standpoint and connect the dots between fixed income, equities, oil, rates, inflation, central bank announcements and other geopolitical issues. I'd read the main Bloomberg article (one article per day) that discusses the market and you will find that it bleeds into everything markets (stocks, bonds, etc) and connects the dots.
Thank you both for the insight. I was able to find a terminal today and use it and I see that the website does have the news of the terminal. The only minor issue is that I would have to get used to using the website which won't be a problem after some good old time spent. I do like that the news reported in BLoomberg doesn't have all the extra fluff and crap in the WSJ. People still regard that paper as a standard and I just don't see it. Thanks again!
Sure no problem. Let me know if you have more questions. WSJ is indeed fluffy. I used to get it daily, but after about a year, didn't need it. It's basically appealing if you can't get to a Bloomberg or haven't yet fully identified the news that really matters on Bloomberg's website.
How is your news intake going @Joel-Gill Jr.? You can also, early in the am or at night get an idea on the premarket from http:www.cnbc.com. I know it sounds cheesy, but on your phone, the key market data is on there. At night, you can get the heads up on Asia. Early in the am, you can get an idea on what's coming out that morning in terms of reports, (CPI, etc.) that traders care about. Like if you're on your phone early in the am you can get a feel for what people will be watching for that day and see what stock futures are doing and that will let you know likely how stocks will trade that day.
So I have done a few things. I watch Bloomberg in the morning for an hour to get my day started. Then during the day, I periodically check the website for any news that I've missed, I use google finance to keep track on some stocks as well as bond yields, commodities and etc. I tried to use the Bloomberg website but find the delay to be upsetting. I don't like Yahoo Finance and Marketwatch as much as I used to because of all the blasted ads and pointless stories. I need to incorporate Asia news and FT in this and I'll be good to go. I will say that watching Bloomberg in the morning definitely helps get the ball rolling. It is going to be a process, but I'm ready and willing to work at it so that I can be adept in Finance and Business.
You're on the right track. You have the right idea. Yes, ignore Marketwatch and that Yahoo Finance garbage. It only serves to cloud your mind. Bloomberg and also Bloomberg Radio. If you can get FT Weekend for 4 bucks a week delivered to you that can help. Only if you can afford to spend though. FT is ultra priced.
I'll check out the CNBC app. I don't like them usually because all I hear is yelling and noise and it drives me nuts. Maybe the app is a better way to go!
If the CNBC screaming and yelling annoys you as it does many people, you should just listen to Bloomberg radio instead. I've gotten used to what's important and what's not on CNBC and so the monitors around me on the trading floor don't bother me any more. But I'd recommend Bloomberg radio.
I get up at about 5:30-5:45 and hit my phone to check http://www.cnbc.com to check the premarket section. What matters is the key data out that morning at around 7am til 8:30am that morning. That will drive the bond and stock markets. Today is was retail sales data out early this morning that drove stocks up (Dow up 200+ points) and the bond market sold off (Treasuries). Focus on what is important that morning. That will mostly drive how stocks and bonds will react that day. The market is not as random daily as people believe. It's really driven by key data out that morning.
I will definitely check that out tomorrow morning. I'm also going to see if the app is any good. I"m guessing that eventually after spending time consuming this material, I will be able to discern what is important and even be able to have a reasonable prediction of how the markets will move?
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