Let the Poor Action Play Out

With the ugliness of the presidential election finally behind us, some market players thought we might see relief buyers provide support. Instead the action reflected a great amount of unhappiness with the results and turned attention to the looming problem of the fiscal cliff and the deterioration of the economy in Germany.

A big part of the problem was that the market didn't have a very good technical pattern to begin with. It already had pressure from poor earnings, economic issues and the problems in Europe. The spike in the indices Tuesday didn't help to provide a favorable setup for the market to deal with the election. If it had not run up already, there was a better chance of a gap down and then a recovery....174 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

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.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.