The Day Ahead: Why the Market Is Like a Balding Man
Much to my delight, nobody learned where I lived and waited in the bushes to ambush me following my "ticking time bomb" call on the market Tuesday, which I described both on Real Money and over at Yahoo! Finance (video link). But I'd say this description fully captures the essence of the moment. Every session logged is one in which we resemble those poor unfortunate villagers in the final Rambo installment, who were forced by mean soldiers to cross a two-foot-deep manmade pond filled with grenades.
People are trying their best to avert further disaster in their portfolios, and they breathe a sigh of relief when a trade goes swimmingly for an hour (notice I did not say "investment" -- those are off the table). Then they go into lunatic mode as a minuscule profit becomes a loss because of a totally unforeseen political event, conducted in languages most Americans don't speak. The time bomb, if you will, goes off....474 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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