The Day Ahead: Where Are the Tape Bombs?
Until Monday morning, I had never heard of a "tape bomb." Apparently, it's any macro or political event that is hurled onto unsuspecting investors, who then cause a blow-up in stock prices by exiting positions in mass qualities. Stuffing tape bombs into a missile launcher has kept the market in a perpetual state of fear, in turn preventing rallies from gaining steam and the trap door to be left open on the downside.
But I ask you, is anything listed below worthy of tape bomb status? If the answer is no, then there is a modest case to be constructive on stocks -- with the caveat being to be mentally prepared to cut bait at the first sign of renewed trouble....549 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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