Mortgaging the Future
The market is doing a fine job of shaking off a slow start and weaker-than-expected consumer confidence. The old adage "Don't short a dull market" comes to mind as buyers step up and leave the bears frustrated once again. A case can be made for a slow drift lower in this atmosphere, but it looks like the bears are fodder for another short squeeze.
Despite the gloomy confidence numbers, there's relative strength in retail again. That has been a leading sector lately, and seems to reflect a level of optimism that is not showing up in the economic reports....144 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.