Morning Es Trading
Tuesday's Market Review
Most market pundits have credited the recent strength in equities to the increasing likelihood that Speaker John Boehner and President Obama will reach a compromise on the fiscal cliff. But after hearing Sen. Bob Corker's comments on CNBC's Squawk Box Tuesday morning, I simply do not understand how so many can have such ironclad confidence that a deal will be reached during the current calendar year. In fact, it was Corker's comments ahead of the RTH open that triggered a brief correction in the Es contract. I may be in the minority on this one, but I believe there are a sufficient number of congressmen on both sides of the aisle that believe their fundamental views on taxes hikes and entitlement cuts preclude them from supporting anything other than a purely one-sided (and unrealistic) solution....363 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.