Been a Frustrating Drip Lower
What happened to the days when investors panicked when the market opened down? They don't seem to exist anymore. I certainly did not sense much panic in the air on Monday. After all, the put-call ratio never even got close to 100%, and the CBOE Volatility Index (VIX) could not even break out of the range in which it's been.
What we have now is a situation in which it seems the whole world is watching one level on the S&P 500. I am certain my mother will call any day now and ask me if I believe 1360 will hold on the S&P, seeing as she gets her market information from "the guy on the radio." If he says it often enough, she thinks it's important enough to call me and ask about it -- and that is usually about the time it's priced in....307 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.