Performance Anxiety

 | Dec 18, 2012 | 1:44 PM EST  | Comments
  • Comment
  • Print Print
  • Print

The market is chugging along nicely as market players remain optimistic about a fiscal-cliff deal even despite the negative comments from politicians. Standard & Poor's has substantially upgraded Greek debt, as well, which is also adding a little kicker.

The dynamic that's really driving this market now is fear of being left behind. Many money managers were never able to catch up when the market went parabolic last January, and now they are trying to put up some relative performance, or just stay steady, as the market ramps. Many of the no-brainer stocks that fund managers road up, such as Apple (AAPL) and F5 Networks (FFIV), are not so simple now -- and it is much more difficult to find places to put funds.

The big risk is that the fiscal-cliff talks will fall apart, but there is no danger of that in the next few days. It is only when the deadline gets closer that we'll see any real fear that the politicians are actually incapable doing something to relieve this uncertainty.

I'm going to continue to look for some new places to put funds, but I have to admit, I'm anxious about being underinvested. Being bullish is easy. Finding good places to put my cash is much more difficult.

Columnist Conversations

Hewlett-Packard is ramping today following last night's earnings report. The stock has been well bid sinc...
As we did not fail at key resistance on the way up in the S&P and we also cleared the 5/10 high, this puts...
Market slightly down as it digests two days of gains with less than three hours to go in trading. Oil also sl...
Market flat after two nice day of gains. Oil up above $50 a barrel, will be interesting to see if this restar...



News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.