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Buy the Rumor, Sell the Fact

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The traditional rules of Wall Street--what's right, what's wrong, and how investors can distinguish between the two

Buy on Monday, sell on Friday". . . "Don't catch falling knives". . . "The trend is your friend". . .

These maxims are part of the gospel of Wall Street, repeated so often that, to many, they are beyond question. Unfortunately, they can be wrong--and traders who blindly follow them can get burned. Buy the Rumor, Sell the Fact examines 85 of these "insights" to reveal the mean...