No Quit in This Market
There's a Monday morning frenzy as underinvested market players scramble again to add exposure in a market that just won't quit. With end-of-quarter window-dressing looming and overly anticipatory bears to squeeze, there doesn't seem to be a reason for this market to stop. It does feel a bit frothy this morning, but 45 minutes in we are making a new intraday high, which does not bode well for a reversal.
What seems to be driving the action are comments by Federal Reserve Chairman Ben Bernanke, who said that accommodative monetary policy is needed to reduce unemployment. That killed the dollar again and with the words "quantitative easing" in the air, who knows how much higher we can go....170 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.