Fuchs,

Appreciate the concern and words of wisdom.

Savings/investing work is limited to low cost index funds only, and I am more on the cash side of late due to my concerns with our geopolitical situation. For fun, relaxation, and intellectual exercise I have about ten stocks which I follow and trade in from time to time. My limit is 'beer & pretzels' money only... if it all goes bad I can walk away without a glance back at what I placed on the table. E.ON is not one of these stocks since I have little or no knowledge regarding Euro utilities.

Agree with you regarding the value of much of what passes for for 'news'.

Regarding the efficient market hypothesis, what you state tracks with what I was taught in school and what I read in many of my various text & reference books. I am a bit of a heretic on this topic however as theory does not always appear to track with what I experience in the field. Let's just say that asymmetry exists....