Why Ask Why?
Tuesday was another crazy day where we saw stocks soar nearly 3% before they lost over half the gains in less than an hour before the close. This prompted a Zacks customer to send me the following email just before the close:
"Thank you for your insightful advice, but today I want to thank you for teaching us to have iron stomachs... we'll see how this turns out in 20 minutes. What a crazy day. PLEASE tell us what you think is happening."
Certainly he is not the only investor confused by this whipsawing market. So here is the best way to put things into perspective. We have been stuck in a trading range since early August between 1120 and 1220 on the S&P 500. Investors want more proof of whether or not we are headed into a recession to justify a move outside the range.
So every move inside the range is meaningless. The first move outside the range, in either direction, will have great significance. I still believe that first breakout will be to the downside.
Note that in this article, S&P 500 Solidifies 1,100 Stronghold, Kevin Cook gives his interpretation of recent market moves. Yes, it differs from my view. Why? Because the movement of the stock market is NOT an exact science. So we do not force our editors to fake like we are all in agreement. Rather, we give them freedom of speech to share their unique viewpoints.
Of course it would be simpler if we gave you just one opinion. But remember that opinion could be 100% wrong and that would not help you meet your objectives. We hope you appreciate our policy to provide these diverse views so you can chart a course that makes the most sense to you.
Other Featured Commentaries on Zacks.com
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• Aggressive Growth Stock Picks-Sept. 27, 2011
Executive VP, Zacks Investment Research
The Death of the PC
The days of paying for costly software upgrades are numbered. The PC will soon be obsolete. And BusinessWeek reports 70% of Americans are already using the technology that will replace it. Merrill Lynch calls it "a $160 billion tsunami." Computing giants including IBM, Yahoo!, and Amazon are racing to be the first to cash in on this PC-killing revolution.
Yet, a small group of little-known companies have a huge head start. Get the full details on these companies, and the technology that is destroying the PC, in a free video from The Motley Fool.
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