The Market's Afternoon Amnesia
Do we forget where Portugal is on the map in the afternoon? Do people forget that Greece isn't resolved yet? Do they just get bored by Europe's troubles and focus on how well Chipotle Mexican Grill (CMG) and Panera Bread (PNRA) are doing? Do we just recall that Nike (NKE) is doing well and that Apple (AAPL) is a horse?
There is a big amnesia factor in this market that comes on in the afternoon. We can't think about why we sold Netflix (NFLX) or Microsoft (MSFT). Why did we sell AT&T (T) and Apache (APA)?...96 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.