Tuesday Outlook: Helter Skelter
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If you’re extremely nimble you can trade this market. Up and down 2-4% in major averages daily over the past half dozen trading sessions make for profitable and fun day-trading. If you’re not into that sort of thing, and most folks aren’t, then you have only two options: strong convictions and nerves of steel to hold positions, or plenty of cash in safe places.
The message of stocks, gold, currencies, oil and commodity markets yesterday was a Bronx Cheer to officialdom and politicians generally.
Volume shrank from the records of last week. I would say investors are stunned and don’t know what to make of things.
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