Hurry Up and Wait
The market has gone comatose this afternoon as we wait for news. It looks like there will be an attempt at some sort of Band-Aid deal for 60-90 days, which means we can look forward to going through this process again very soon. The market will probably be relieved to set aside this issue at least momentarily, but it isn't going to do much to restore investor or business confidence in the longer term.
Frankly, all I want for the new year is a market that allows for stock picking. The worst thing about the current environment is that there isn't much reward for astute stock picking. Everything pretty much moves together based on whatever the next headline might be....123 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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