Where Are the Dip-Buyers?
The market action today is a good illustration of downside momentum. This is what happens when folks want out and there isn't any interest in dip-buying, which always sounds like a great idea when the market is uptrending, but when it starts to free-fall, dip-buying loses its appeal very quickly.
What is particularly worrisome is that we have not had any decent relief bounce after the pounding yesterday. There was virtually no interest in bottom fishing and even the contrarians, who are quick to conclude that sentiment has reached extreme levels, aren't biting....159 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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.