The Day Ahead: A Straitjacket of Global Liquidity
According to exactly one minute of online research, the straitjacket was invented in France in 1790 by an upholsterer. Although I have never remotely come close to being strapped into one -- say, on a bed in a padded white room -- I imagine there has to be a moment when a straitjacketed person settles down and ponders life. Certainly the person is likely still volatile, but perhaps they're piecing ideas together -- or so I believe, seeing as there is no medical license hanging on my wall.
With that in mind, kindly imagine being in a half-locked straitjacket that could be easily broken out of via a single outburst -- much as the market is presently trapped in a straitjacket labeled "global liquidity," as I rationalize it. Meanwhile, on the inside, there remains a fair amount of fear and pain that could break loose. In other words, stocks keep giving up gains, but in larger percentage increments....521 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.