Positive ISM Report Puts Bears on the Run
The better-than-expected ISM number caught the bears by surprise, and now the bulls are pushing to squeeze us even more. The first day of a new month tends to have a positive bias, and the bulls were ready to run at the open, but it looked like we were going to fade a bit when the ISM news hit and spiked us hard.
So often the skeptics find themselves scrambling to reposition when we have these sharp spikes, and that is what keeps them going. As I've mentioned often, this market has had a tendency toward V-shaped moves, and it is caused exactly by this dynamic....89 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.
