American Tower Standing Tall
The major indices have enjoyed a nice recovery from the recent low made in early June. Providing a reprieve here was some progress on the European front, both on the Spanish banking crisis and as far as the Greek-election outcome is concerned. Also mitigating investor concerns has been expectations for the Federal Reserve, which affirmed the possibility for another round of quantitative easing.
However, it still isn't a great investing environment, and much of the recovery has been just that -- a mere recovery that appears to be driven by an oversold condition created in early June. While Europe has quieted down, the economic picture in the U.S. is looking sluggish at best, it seems there a fair amount of risk remains in the market. There is a definite lack of buying enthusiasm from investors....416 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.