Eschew the Circus
We have a little bounce action in the early going, but it's tentative as market players wonder if we really have fully discounted the developments in Europe. The election was fairly well anticipated but there is still much uncertainty about the ramifications down the road.
The dip buyers did a little reflexive buying on the bad news, gap down, which often works. But they have not gained any traction and we are rolling over a bit as I write. Breadth was close to flat but is turning back down quickly now and is around 2,100 gainers to 3,000 decliners. Apple (AAPL) tried to bounce, but has fizzled and is back near flat and I'm not seeing any major theme buying at this point....154 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.