1/28/2008 7:25:33 AM
The Fed Day is looming in the near future.
Many people are looking to the Fed to cut rates again - some are looking for 25, some 50 and some are even looking for 75 points. Is that what we need? Better yet, is that what will bring the bulls back into the picture?
Unfortunately, I don't think so. Granted, it may produce a quick bounce, only to see the fear return to the market and take those quick gains away. The markets want to see stability, not a decision jumped into hastily to try and alleviate the fears of a US recession.
For now, we're sitting on the bench, waiting for Coach Bernanke to call in
When the play has been called by the Fed we may want to adjust our position accordingly.
Keep an eye on your inbox for my next alert.
Do not add any bullish or bearish weighting.
Current Weighting Suggestion:
FULL (3/3) CASH mode
You can email me with any questions at email@example.com.
Have a great week!