Walking Away From the Cliff
Traders are focusing on the poor action in Apple (AAPL) this morning, in large part because there isn't much else going on. The indices have a slightly negative bias, as does breadth, but it is just painfully slow. There is a lot of random action again as we remain on fiscal-cliff watch.
I've talked with a few fund managers who are shutting down for the year as they have little interest in trying to game the fiscal cliff. They don't like the idea of missing a relief rally if a deal is made, but it is just too difficult to do much positioning for the news....181 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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