Stock Picking Is Working
Although the market was mostly in the red at the close, there was a slow and steady recovery all day following the weaker-than-expected ADP jobs report. The buyers dismissed it as meaningless, and shrugged off weakness in Spain and various European banks.
Good earnings helped the bullish case, but mostly it looked like the action was saying, "They can't take them down so we might as well buy it." Skepticism and doubt are high, but the market is cooperating and that is forcing some buys -- just in case the bulls are right....119 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.