The Day Ahead: Welcome to Heartbreak Hotel
In the course of your life, you'll probably have roughly four significant relationships. The first will have been in high school, when you'd been too dumb to realize the person you were dating was a jerk. The second will have been in college, the real intense one. Then there is the post-college person for whom you thought marriage was a near-certainty, until some cheating incident surfaces. Then there is relationship four, wherein you put every life experience into practice and settle down with a worthy soul.
Let's zero in on the feelings emanating from relationships one to three, collectively called "tickets to heartbreak hotel." For us market players, we're dealing with the forthcoming Democratic National Convention; an European Central Bank meeting that is supposed to cure all; the lingering stench of the Jackson Hole, Wyo., Fed symposium; musings from German Chancellor Angela Merkel as she tries to get reelected; September stock performance concerns; and the return of the European Union debt watch. Amid all of this, meanwhile, there is something called "third-quarter earnings season."...662 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.