Stock Market Gets Its Mojo Back

The main explanation given for the rally today is that tensions over North Korea have subsided and the hurricane that hit Florida was not as bad as expected. That sounds pretty logical and makes for a convenient headline but the market never sold off on those worries last week. Last week we were talking about how well the market held up despite all the worries.

The market didn't bounce back today because it never sold off in the first place. What is moving this market really has nothing to do with the news headlines. It is the same thing that has been driving for a very long time now which is an intense focus on price action and short term technical conditions. It is totally divorced from the cause and effect relationship that the business media rely upon....205 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

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.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.