Parsing the Speech
My wife hates the State of the Union address, but I have been a political junkie since I was a youngster and have not missed an address since Richard Nixon in 1972. I watch the speeches like others watch a football game -- with snacks, adult beverages, while tweeting or instant messaging my politically interested friends on both sides of the aisle, etc. This speech was no different, and I have reviewed and dissected the speech again this morning. Although it is the political junkie in me that watches the speech, my inner investor keeps his ear tuned for any useful information as well.
Today we will probably hear a lot of talk about investable themes and actionable opportunities arising from last night's speech. Please be aware that there were none. You almost never get instant opportunities from a presidential speech, even one that receives as much attention as the State of the Union. I heard a lot of ideas tossed out last night, but none of them will be acted upon today ... or, in all likelihood, even this year. If you make a trade today based on last night's speech -- or someone's opinion of last night's speech -- any profit will be the result of pure luck. What the speech does contain is some information that provides valuable background for investors as they look at the world and markets....473 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.