James "Rev Shark" DePorre, a Real Money contributor, is the author of Invest Like a Shark: How a Deaf Guy With No Job and Limited Capital Made a Fortune Investing in the Stock Market. He operates sharkinvesting.com, an interactive online community that serves and educates active investors.
Much of the stock market is acting like it is already in a bear market.
There are times when the indices fail to tell the story of what is really going on.
Rather than seeing a 'sell the bad news' reaction that many anticipated for Wednesday, we had a 'buy the no news' reaction instead.
Since the day Trump was elected, there have been pundits who have wrongly predicted his impact on the stock market.
While the market seems to be taking things in stride, stocks are not trading on their individual merits.
I start the day with a very high level of cash and my game plan is to focus on looking for some individual stocks to buy as the political drama develops.
When news hit that Nancy Pelosi would formally look at impeachment proceedings, selling picked up, but it's unclear how this will play out.
The market has been looking for an excuse to sell off and this is a good one.
While there is strength today there are few 'hot' individual stocks.
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