The Day Ahead: A War Zone Out There
I hate to be the bearer of bad news, but the market is exhibiting three major characteristics of a war zone: destroyed structures; figurative "bullets" flying in every which direction; and creepy spells of quiet that are both good and bad, serving as times to reload and re-strategize.
Altogether, these mean rampant confusion will be the order of the day for next few weeks. Grabbing a good piece of economic data will only temporarily mitigate fear of potential late-afternoon Debbie Downer comments from President Obama or a prominent member of the House or Senate. Everything you learned from those books you bought at the now-defunct Borders could be burned, for an entirely new investing playbook is being penned. Along with it comes the creation of a solider-like investor class -- that is, hardened market players who march to the beat of ever-changing orders based on ground conditions....582 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.
