The Day Ahead: A Slowly Decaying Market
Sorry, friends -- there will be no Steve Stricker/Ryder Cup theater today. I have to get straight to business. In trying to find an object to which I could compare the market, I figured there was nothing better than a slowly decaying corpse: That is, it's still presentable on the outside, but it's disappearing on the inside.
As the market enters the week, it's obviously still in the land of green on the year, though it's arrived into the fourth quarter with a whimper. Markets peaked Sept. 14, and suddenly the sky was falling. I wrestled with whether I should go bullish again amid the pullback, but the decision came more quickly than I thought. It's quite dicey to load up on risk after a two-week slow bleed-out, given that the next five days are potentially littered with headline and fundamental death traps that aren't priced into valuations....689 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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