Ignoring the News Flow
The action is rather chaotic so far this morning. There are data issues at Nanex affecting various quote services, which is adding an extra element of confusion, but weak ISM data is the major problem this morning. We have the weakest reading in that data since July 2009, which I'm sure is of particular interest to the conspiracy theorists who questioned the pre-election reports.
Monday morning gaps are always difficult to trust to begin with but it is more difficult than usual when the main market driving force continues to be political negotiations and macroeconomic concerns. Stock pickers are at the mercy of the headlines and that keeps the action choppy....135 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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