Market Hears the Dinner Bell
When market players saw Mario Draghi on the wires they automatically hit the buy button once again. There is more talk from Draghi about how the ECB is going save Europe and the market continues to be downright euphoric, although there are few specifics. It isn't hard to be skeptical about how easy that mission might be, but in this market any talk about bond buying by a central bank produces a Pavlovain response.
As usual, we are seeing the V-shaped bounce action, which makes new entries tough unless you like paying up after a stock makes a big move. But that is the only way to add long exposure in this market and it tends to work, so it is self fulfilling to a great degree....64 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.
