The Day Ahead: The Perils of Bottom-Fishing
By choice, I will stitch together earnings-season notes and play in Excel from the comfy confines of a space no bigger than a restroom in a one-bedroom apartment. To some this would appear akin to self-torture, but to me if offers a physical bubble around any harmful toxins that want to enter the analyses I'm conducting. Stupidly, I allowed a toxin to cross through to the other side on Monday evening, and its name was "Bottom Toxin." After the Dow gagged Friday, we've heard that the world's economic growth rate is now bottoming, and we must quickly welcome an array of earnings-season violators into the portfolio -- or, if you are me, onto the client watch list.
Snauseges? I comprehend that everyone in the #FinServices sphere wants to be the next rock star, that person of perfection who predicts that a market or a stock will likely head higher or lower by 10%. Sure, my dudes, we have to justify fees, be they for execution (research is an add-on, the ultimate "intellectual capital") or some other business being promoted through Google's (GOOG) search algorithms....649 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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