The Day Ahead: Reading the Market's Clues
Go ahead, give me 10 reasons to be constructive on those pesky things we know as equities (or stocks, your choice). I bet that for every bullet point emailed to me there would be a solid counter argument, which actually "makes a market" as us pros tend to mutter over a cold one of choice (Red Bull for me).
As far as I am concerned though, not much is compelling in this market. Why? To have a compelling stock, I have to be able to plug in numbers, developed through deep research, into a multi-factor DCF model to spit out a fair value estimate that is still viable two weeks down the line. That is the horrifically boring mechanics of it all. Optically, the market is not handing us any reason to attempt to win the "I Was the Bottom Caller of 2012" award and to bask in the bountiful rewards that follow....420 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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