The Day Ahead: Is it 2013 Yet?
I think we have arrived at a crossroads -- one at which I arrived weeks ago -- at which it pays to do three things: (1) try and trade headlines; (2) short the market; (3) stay the heck out of it altogether.
It shouldn't be a surprise that I am mouthing any of this handy advice. Figure it this way: The programmed machines, and the dying art that is floor trading, are finally starting to realize that the economy is quickly approaching a lose-lose, short-term-death spot. The market has been quietly warning of this impending rough patch, but one just had to be cognizant of where to look. For me, it came over a week ago, when consumer discretionary stocks began to technically disintegrate and transports were doing next to zilch as most market participants gorged on misguided euphoria juice....613 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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