A Million Reasons to Sell: Redux
Below is an updated post from earlier this year, but it certainly applies today -- or at any time.
There are a million reasons to sell, but there is only one reason to buy. As investors/traders we don't need to know the reasons for the selling, nor do we care. After all, there are too many to count. Just acknowledge and embrace it. Europe? China? Slowdown? Politics? News? No matter. Our job, therefore, is to best identify when it is coming at a feverish pitch -- and either to step out of the way or to profit from it. The evidence is heavily weighted toward market distribution, and it has been for quite some time. My Real Money colleague and friend Ken Shreve has been talking about the institutional distribution signals since September. I would actually go back a bit further to when the distribution started -- just after Labor Day....705 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.