Skimming for Tasty IPOs
Yes, the market has run up a lot since Dec. 19 -- and, yes, it looks overbought. But that doesn't mean stocks won't continue higher, especially given the emergence of signs that new institutional money is finally starting to come in from the sidelines.
Keep in mind that the Nasdaq Composite just broke out Friday, clearing its May 2 intraday high of 2887, and the S&P 500 still hasn't broken out yet....624 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.