Lots of Wildcards
The market is playing out history very well. The expectations based on history were a bullish bias last week and clearly we saw that. History also tells us the Monday after Thanksgiving is generally bearish, which is also coming to fruition. Ah, if only everything could be so simple.
It is obvious in hindsight, but there are plenty of wildcards in the market that make relying on historical performance very difficult here. The Santa Claus rally will probably depend upon his ability to stick the landing off the fiscal cliff....358 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.