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.
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.