The Day Ahead: Snatching Messages From the Market
"You won't give, I'll take!" –Joey Zasa, The Godfather: Part III
That infamous line above best captures how I feel about the market this week. Fact is, we're seeing a warranted break in the upward action, and primarily because corporate fundamentals are trumping any macro hope. Hyped Federal Reserve minutes were dead on arrival, and this much I knew when compiling notes Saturday morning. I didn't even mention the release Monday, as it was reflective of a trading setup that should have been detected 17 miles in the distance. There was not going to be a hint of more aggressive easing. There was going to be a realization that more aggressiveness would do next to nothing to alleviate profit margin pitfalls for the rest of 2012....642 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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