Machine-Driven to Tears
If you are trying to apply common sense and logic to this market, you are likely to be feeling a bit frustrated. For some reason, we gapped up this morning despite a downgrade of Spanish debt, continued problems in Europe and a much weaker-than-expected GDP number.
The strong report from Amazon (AMZN) probably helped the mood, but a number of other key stocks, like Starbucks (SBUX), Deckers (DECK) and Procter & Gamble (PG), were poor. Apple (AAPL), Google (GOOG ) and Chipotle (CMG) also struggled. But the buyers managed an energetic gap up, but then there was a selloff straight down....179 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.
