The Day Ahead: How to Build a Worry List

Mother's Day has multiple components. There is the basic of buying your mom a price-gouged tulip arrangement from the Fairway (had my first experience in this store and now get the IPO interest). Then dinner with the family, where son reassures mom that the price-gouged flower can be planted outside. Naturally there is the internal slideshow playing throughout the day, the one that reflects on all of mom's wisdoms shared over the years. Without question she taught you oodles, best to never forget that, even if it's not cool to be gushy with her in public.

To pull a page from my mom's playbook titled "Ridiculously Worry About our Kid," I think it's OK to build a worry list as the market has seemingly gone haywire. I am disturbed by the stock market being able to shrug off any iota of badness, buy in advance of a mysterious 4Q13 GDP pickup and believe that with subpar margin stories, corporate America deserves richer multiples and juicer profit estimates. At some point, and it's nearing, there will be a greater appreciation for negatives in the market and the return of the thesis that Fed easing won't save everything that ails companies and the global macro system. So it's best to be prepared, like today....376 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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