The weekend was filled with discussions of how low we would go on the open this morning, which made sense given the news out of Europe on the heels of a simply ugly jobs report. Instead, though, we are right back into a market dead zone, in which there is a lot of headline risk and the majority of stocks are not cheap enough to buy.
I spent some time talking with Fred Crossman, my curmudgeonly options trader friend out in Chicago. Although we both have a value bent, Fred is more of a trader than I am and is much better at structuring and implementing trades than I will ever be. We share a view that the market is in a very frustrating place right now -- it is hard to buy outright, as the risks of current global financial and political situations are just untenable. We are both old guys who have been around a long time, and neither of us can recall a time when there was this much financial uncertainty in the markets....393 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.