The Long Shadow of the Fed
After a lousy afternoon Monday, stocks are finding their footing today as hope runs high for a big QE3 announcement from the Fed on Thursday. You can find plenty of reasons to bet against this market, but as long as the long shadow of the Fed is out there, you can't expect too much downside. The worse the news is, the more optimistic the market grows.
Precious metals and commodities have bounced back, which is a sign that bets are being placed on QE3. Retail is slightly weak and there's mixed action in some of the big-caps, such as Google (GOOG) and Amazon (AMZN), but breadth is solid at better than 2-to-1 positive....104 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.
