FOMC done now back to basics
Tuesday, 08. August 2006
What a laugh... Bernanke leaves the rate alone and the market sells off. It's useless to ask why? We just want to make money. I have continued to speak of the weakness in the markets. The Nasdaq and Russell really look weak and treasuries are rising. Doesn't sound like the bull has been awaken as of yet. It will happen, just hasn't yet. If your going to put trades on in this market, the bears have a real advantage and you have to allow for volatility. Don't set stops too tight or you will never give yourself a chance.
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