The Day Ahead: Clamoring for the Truth
From machines scalping fractions of a penny to the slick-haired 55-year-old smoking veteran brokers, the global pool of those seeking wealth are being reminded that the market will often see through the fluff and focus on truth. But, at the moment, the truth is anything but visible, as there is no fiscal-cliff deal, and talk of an impending agreement continues to constitute pure speculation based on facial expansions and publicly held pow-wows. (Note that, ideally, the next step is to have a prominent person on either side of the aisle signal that an endgame is in sight).
So what do we have to go on? Here is a tidy list of hypotheticals on which the market is acting, which all assume a fiscal cliff deal will be announced around Christmas:...546 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.