Hello everyone.  Isn’t this roller coaster action fun?
I am amazed at how the market came back today.  My thoughts from last night really showed that I thought there was some downside testing to come.  The market really proved me otherwise – because today was a follow through day on the NASDAQ.  I will [...]

Well, the market got what it wanted today – 50 basis points.  Too bad the party only lasted for one hour.  Here is the reason for the last hour’s retreat from IBD:
Investors cheered the rate cut and the accompanying statement at first, sending the major indexes higher. But the final hour of trading brought with [...]

Hello everyone.  We got more of the same action today – another light volume rally into the Fed meeting tomorrow.  I think market will be in wait-and-see mode until we get the announcement.  Let’s take a look at the fed funds futures:
Summary TableJanuary 23:       76% for -50 bps versus 24% for -75 bps.January [...]

David C asks:
It appears to me that we are setting up for a period of inflation. The fed is continuing to pump up the money supply, congress is getting involved with fiscal policy, food and energy prices are finally effecting the consumer prices. I read last night now post war economies are almost always are [...]

Hello everyone.  Looks like the market is trying to price in a 50 basis point rate cut on Wednesday.  Let’s take a look at what the Fed funds futures contracts are showing for Wednesday:
Summary TableJanuary 23:       76% for -50 bps versus 24% for -75 bps.January 24:       24% for -25 bps versus 76% for -50 bps.January [...]