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.
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.
