Forget Fortune Telling
One lesson this market has taught us quite emphatically the last few years is that you had better not rush to call a top when it is uptrending. Once again, we are seeing a straight-up move that is killing the anticipatory bears who keep trying to call a market top. Not only does this sort of action kill the bears, it frustrates many bulls that are underinvested and don't have pullbacks to buy.
One of the puzzling things about these V-shaped moves is that they don't seem to generate the sort of euphoria like we'd see in the pre-Great Recession days. Perhaps it is because the action is driven more by liquidity and computerized trading than speculative traders....203 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
