The Day Ahead: Channel Your Inner Financial Bushwhacker
This week was pretty weird. Did we get assorted earnings warnings and comments providing reassurance of zilch? Yes, but not on that next level of intense velocity I expected on Monday. Did the market struggle for decent enough chunks of individual sessions to make you go "huh?" while watching last minute buying? Yup, stocks appear to be pricing in this worldly philosophy: incremental improvement in key data components still entice the Fed to buy more debt we are unable to physically touch, and that could transmit quite effectively to the real economy should an apparent tax-slasher (Mitt Romney) gallop hard into the ribbon. Hey, it's no skin off my teeth who wins (maybe money from my mobile wallet), I am just picking the market's brain.
The market pendulum is swinging in the direction, once again, of the U.S. fundamentally rebounding from a summer swoon and being able to bolster sentiment amid a European Union situation that has hit its normal dormant zone. One day XYX is a focus point, the next it's ABC. It's all pure lunacy, which is why I am channeling my inner bushwhacker....540 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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