Running on Anticipation

The bulls are hoping the politicians continue to move slowly in agreeing on a deal, as the market is doing such a fine job running up in anticipation of a solution. An actual deal would probably be a letdown at this point, but you still have to be pretty brave to bet on a sell-the-news reaction in this market. There is an appetite for stocks, and despite plenty of good reasons to be cautious, the buyers are just not backing down.

All year long, the toughest thing to do in this market has been to call a top. Even when conditions seem ripe for a reversal, we will dip momentarily and then go right back up when the dip-buyers jump in. The dip-buyers bring in the chasers, and the chasers squeeze the bears....1219 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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