Finally, a Bounce
It took a while but the market has finally managed a bounce. A new recent low caused panic in Apple (AAPL) first, but news that our esteemed leaders in Washington are optimistic about a fiscal cliff deal ran the action up. There aren't any details yet, and it really isn't surprising that the politicians are sounding positive, but it is a good excuse to trigger buying after the recent carnage.
The biggest problem is that so many traders have been looking for a bounce for so long that there is likely to be plenty of flipping for quick gains. It will be nice to ring the register for a change after the miserable action we've seen lately....185 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.
