Bloomberg – “We have a new credo: carpe noctem — seize the night,” said Douglas A. Kass, a hedge fund manager who routinely sets his alarm for precisely that time to scan the headlines coming out of Europe. All last week, the musings of the German chancellor, Angela Merkel, and other European leaders put the markets on edge. “You are almost forced to get up and watch the goings-on,” he added.
The nest of night owls is growing more crowded. Senior executives at the Pacific Investment Management Company, the giant bond-trading house, wake up at 1 a.m. in Southern California, to check their BlackBerrys for updates from colleagues in Europe.
I have to be honest I am not certain this is the most effective way to view/trade markets. It seems that there is something wrong with your methodology (read addiction to markets) if you need to get up in the middle of the night to check on how they are faring.
I understand that markets are now global but this desire or need to see every minute details as it unfolds is to my eye descriptive more of a subconscious nervousness about your money management than of a need to see and understand events as they unfold.