The Day Ahead: No Care Bear Week for the Market
I vividly recall, as a child, ripping the head off my neighbor's Care Bear doll in our daily play session. I'm not too sure what prompted such a violent outburst but, as I stared at the headless stuffed animal, there was a sense of disappointment -- because there was nothing exciting inside! All I saw was China-sourced filling -- no superpowers that could bring an end to world hunger and fill towns across the land with majestic rainbows.
I fancy that, for the markets this Monday morning, we have a Care Bear-like sentiment backdrop in place: in other words, smiles. This is troubling, as the indicators I track religiously are unsupportive of such near-term happiness. I fear that, if we were to rip the head off this Care Bear -- that is, peer into the soul of the market -- we would be left with the same disappointment I had as a child....456 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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