Not Trusting This Rally
What if they gave a rally based on good economic news and none of the economic plays showed up? That's how I felt today, watching a market led by the Colgate-Palmolive (CL), Kimberly-Clark (KMB), Coca-Cola (KO) and Bristol-Myers Squibb (BMY) kinds of names and not any of the large industrials, even though what was supposed to have ignited the rally was the possibility of economic stability in Europe.
Today should have been the day that tech, so heavily invested in Europe, reigned supreme. It should have been led by Alcoa (AA) and United Technologies (UTX), not Wal-Mart (WMT) or AT&T (T), two companies that are about as American as you can get....236 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.