Money Heading Home?
I was asked on the radio yesterday if I was seeing anything positive in the market. It was about an hour after the market close and I had just watched another wave selling of selling hit the major averages late in the session. Tuesday was another day of institutional selling that saw a lot of growth names reverse after early strength -- a harsh reminder to investors that the market remains in a downtrend and a risky environment for new buys.
On Monday, I saw the Russell 2000 SmallCap 2000 Index complete a bearish head-and-shoulders topping pattern. And if that weren't enough, my growth screens are a complete mess, filled with damaged stock charts that will need more time to repair....415 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.