The Instant-Coffee Stock Market
Please make sure your seat belt is fastened. Keep your arms and legs inside the ride at all times. Sit back and enjoy the Fiscal Cliff ride. Markets are going to react to every word out of Washington. It is going to be frustrating. It is going to be annoying. It will be lauded and ridiculed. And it will be nothing out of the ordinary.
We are in an instant-coffee market. There is no more brewing or percolating required. Instant reaction. Right or wrong. If you are an investor, then honestly, you should not care. If you are a trader, then you need to be prepared for quick swings in either direction. In times like these, I prefer to keep positions smaller and stops wider so a single word out of Washington won't sink my trades or the thesis behind them....476 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.