Doubts About Cliff Deal Creeping In
Market players are having some doubts this morning. They are thinking, "Maybe these guys really are stupid and too stubborn to do a deal." A headline that President Obama would veto the Boehner deal isn't helping. The market is still holding up quite well but the wild optimism has cooled off and a little profit-taking is kicking in. Apple AAPL is a good example of what is going on out there as it pulls back after a good run.
I'm dealing with this by tightening up stops and protecting recent gains. I still think we will see a fiscal cliff deal but that doesn't justify being undisciplined with money management. It is more important to deal with the action in front of us rather than hope for some news scenario to play out....117 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.