Dip-Buyers Are Spooked
The market is oversold. There's strong sentiment and housing numbers. Fed chief Ben Bernanke has indicated a willingness to continue printing money. Despite all this, there's limited buying interest and the market is hardly bouncing.
It's clear that yesterday's ugly selloff and poor close spooked the dip-buyers. They are afraid of being caught in a failed bounce like Friday and Monday morning, so they are standing aside until someone else shows a willingness to jump in....109 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.