A Market With No Memory or Conviction
It's not rigged, it only seems that way. I am talking about that now-ridiculous 150-point decline in the last hour on Monday off of worries about Italy, or the big swoon last week over the month-old Fed minutes.
Neither seems to make much sense to me now. The Fed minutes were simply moldy with age, and when we heard from the Fed chief today, it was very clear that nothing had changed whatsoever about his plans to keep buying bonds as necessary. All that sturm und drang and point-loss for nothing....326 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.
