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.
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