Off the Charts
The market tacked on another day of gains, holding up well after opening higher this morning. The Nasdaq led the way, gaining 0.68%, while the S&P 500 (SPY) closed 0.43% higher.
Today is the first time we have seen the market take negative fiscal cliff talks in stride. House Speaker John Boehner made comments that he has seen no concrete progress in fiscal cliff talks after his meeting with Treasury Secretary Timothy Geithner, but the market appeared unconcerned. Since the presidential election we have seen the market show sensitivity to pessimistic comments regarding the fiscal cliff and the fact that we are starting to shrug off the headlines can be seen as a positive for the bulls....668 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.
