Beware of the New-High List

As I watched the market move lower Tuesday on yet another round of confusion out of Europe, I felt a lot more confident about my "react do not predict" approach to the markets.

Less than a week ago, everyone was super bullish and predicting a bright future now that Europe had solved some of its sovereign debt issues. Who could have possibly guessed that the Greeks would decide to vote on allowing the rest of the continent to bail them out? If nothing else, we have learned that expecting rational behavior out of Europe is too much to ask. There appear to be too many self-interested parties at the bargaining table to reach a mutual and workable conclusion....538 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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