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What Does ‘Buy the Rumor, Sell the News’ Mean?

NEW YORK, NY - APRIL 21: Traders work on the floor of the New York Stock Exchange on April 21, 2014 in New York City. Following the long holiday weekend, Stocks moved higher in early trading Monday with the Dow up about 30 points. Many investors will be anxiously watching the numerous corporate earning reports due out this week. (Photo by Spencer Platt/Getty Images) Spencer Platt / Getty Images

NYSE floor trader Kenny Polcari explains a strategy used on Wall Street to turn a profit based on potentially market-moving events or announcements.

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