The Day Ahead: A Mad, Mad, Mad, Mad Market
An overarching theme that continues surfacing in my analysis is this: When it comes to market direction, folks are doing a whole bunch of dancing around it. There is this fear of being wrong -- which obviously I understand – as folks emphatically state the S&P 500 could shed 10% in three months or surprise the masses by climbing this "wall of worry" that only exists in the imaginations of convicted users of financial jargon. Do I find everyone doing the #FearShuffle? No, of course not, because the market is nicely removed from its April peak, so people involved in managing money have to be telling clients to drop the "peace" sign to equities.
I feel as if a line in the sand has to be drawn. Each person must declare themselves a bull or a bear, and they have to do it right now. The office whiteboard should be overloaded with "what-if" scenarios to hop-step from being a bull or a bear, some of which likely to be tested this coming Monday morning. I hope that goes for you at home, as well, as you're whipsawed by interlocked markets and after-hours releases of material information that weighs on your decision-making in one form or another....582 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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