A Day of Recognition

How much actual? How much emotional? How much technical? How much fundamental? How much fear? And how much prudence?

These are the questions running through my mind about the last couple of hours of trading Tuesday, the ones that were punctuated by an astounding gap up in gold and the ones that seemed to be driven by the hidden hand of David Farr, the CEO of Emerson (EMR), a tremendous economic powerhouse that basically reported, once again, a string of disappointing numbers. Except this time Farr, a nuts-and-bolts guy, came after the government and told a dire story, Titanic deck chair re-arranging and all, that rivaled Steve Wynn's conference call screed in its vitriol. Funny that Wynn, at least, delivered the numbers. But excuse me for being so granular....246 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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