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- Jan
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Aren’t we all fed up with all these false moves prior to the Fed decision? However, is the Fed decision really that important this time round? In my honest opinion, the most important report this week is the Jobs Report this Friday, which will really cast some definitive light on the health of the economy. No rate cuts is going to help the market for real, only renewed faith in the economy will. Earnings coming in so far has been mixed and reflective of the general health of the economy. Too much uncertainties this week… very bad for traders.
A lot of bullishness seem to be building up in the market today as the bulls beat the bears by the end of the day, releasing yet another round of morning stars in the Star Trading System. No matter what, with the Fed decision to be released on Wednesday, nothing today can be trusted and this is one of those times which I mentioned not to be trading in the manual.
Thought For The Day : “Rules Are The Chains Within Which One’s Emotions Must Be Contained”
Thanks to the Fed’s rate cut, the blue chips come back from a 464-point drop at the open. But skeptics aren’t sure a bottom has been made. Apple shares slump as guidance disappoints. Stocks open higher in Tokyo.Â
The top business news from The Associated Press for the morning of Tuesday, January 29, 2008: Nevada Had Top Foreclosure Rate in 2007
Wall Street pointed toward a higher opening Tuesday ahead of the Federal Reserve’s two-day meeting, where investors believe the central bank will lower interest rates by at least a quarter point.
February 1st, 2008 at 3:37 am
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