The Day Ahead: Snipe the Bull -- or the Bear
Boom! Wake up ladies and gents. It's show time. Do you have grand visions of mailing it in during this holiday-shortened trading week? Better put back on the camouflage gear and dust off the scope on the investing sniper rifle, for we are at a crucial juncture in the markets. Your mission is to take out either the bulls or the bears with a clean shot, and to do so after developing a thorough plan -- because, for the first time since the elections, two strong opposing views are in the roaming the forest.
I am not talking about the gibberish that had been spewed by book-pumpers throughout October and into the election. On the contrary, there is new, tangible evidence to suggest stocks have gotten too cheap, assuming we see a "compromise budget" from Congress (which is different from the austerity budget reflected by the recent decline in stocks). Still, while I feel the passion in the voice of the bulls as they wave around an array of fancy technical measurements, keep in mind that the bears remain ravenous -- and they have every reason to be skeptical of the claims by the bulls. There is this creepy sense that another 200-down day on the Dow is possible if the political-suit-wearers do not deliver incremental holiday cheer on fiscal cliff at each presser....654 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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