Monday, October 16, 2006

 

Closing Comments

When Fed Poole's statement hit the tape, I thought it would rattle the markets-- at least a little. However, with small caps screaming, investors could not hear what he was saying.

Everyone believes Bernanke is walking around with a pina colada, taking sun-- on perma vacation. The market feels the Fed's next move will be to cut rates. However, Fed Poole says there is a 50-50 chance of cut or hike.

Personally, I do not like those odds.

Aside from Poole, the market will earn its stripes tomorrow-- when earnings season officially kicks off.

Personally, I do not have enough hubris to get in front of an AAPL or INTC number. I rather watch, timidly, from the sidelines.

So, with that being said, if you are a bear or bull, tomorrow will make or break you.

Good luck.

NOTE: A recent buy of mine, FNSR, is smoking. However, I have no idea how high it could go, so don't ask. I did see many stocks, which happen to be small cap and heavily short, gap higher today. It appears the gambler is out and about. Beware.

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