Make the Market Work for You
A good friend of mine who trades the S&P 500 commented yesterday that if you had told him President Obama would win re-election handily and that the GOP would be forced to give in on both the fiscal cliff and the debt ceiling, he would have shorted the market to the maximum of his credit lines. The conventional wisdom was that all of those events would be horrible for the economy and the market would plunge. They all happened and bottoming at 1350 in November the stock market has shot right up to the 1500 area.
We are in one of these "all news is good news" markets. Amazon (AMZN) posted disappointing results according to the analysts, but the stock went higher. On Wednesday, the GDP report was the worst in some time. Had this happened in a different time period, we might have seen a stupendous selloff. But the market barely moved lower on the news....639 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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