A Fed Meeting With a Silver Lining
This year kicks off with a constructive backdrop for stocks, led by continued domestic macro indicators, cash-rich corporate balance sheets and, let's not forget, encouraging China data. And a lingering feeling of joy from the holidays always seems to back into equities. Heck, we are even able to get a sense of continuity from the drab European news. All great stuff, really. There is only so much negativity a stock picker is able to wax poetic about without being coined a Nouriel Roubini clone.
But it's the first Federal Reserve meeting of the year that holds the most allure. As we approach Wednesday's meeting, I am reading that whatever the Fed does is already priced into the market. Hearing it once, I would have viewed this statement as an outlier. Hearing it twice, I write it down on a sheet of paper. A third time and I am in hot pursuit of an explanation to determine whether it's a valid argument and unearth a strategy to ring the register....411 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.
