The Day Ahead: Living in the Nightmare
It feels as if investors are being forced to live a nightmare. With pros now musing that a fiscal base jump deal is near, and stocks chilling at key moving averages, the game of projecting the next direction of the market has become infinitely more difficult. Everybody wants to be a bottom-picking hero, snagging their moment in the sun by playing a contrarian card while the masses use solid principles of investing and dump -- as opposed to utilizing god only knows what kind of analysis.
The reality is that there is nothing new to dissect. We are in a holding pattern where investors are forced to avoid most of the riskier pockets of the market and hit the "source of funds" button on dividend payers due to the threat of being blasted by the tax man. All I am able to offer is the truth, which is situated in obsessive market watching and spying clues not necessarily on the fiscal cliff, but rather on the state of the union for companies at the beginning of the fourth quarter....522 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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