Catching up on my SI reading. Things are really going down the toilet around here. Seems everyone is bitchin 'bout something. Got to be a sign...
Reminder, case you were in a coma, FOMC Meeting Tuesday.
Most now predicting the Fed cuts 75 basis points. Am even now hearing from many chatline sources, to expect a full point. I gotta say, this must be schemed up by the ole bears psyching up investors to go way long setting themselves up for a big disappointment (again). Either that or a bears bear trap, LOL, kind like 3 of 3 of... well you get the idea.
I anticipate .5 and I know it's cliche, but yes it's already built in. Next figure out is CPI, no big deal, and after the facts, i.e. a day after fed meeting, so basically a non-event.
Nothing changes with our strategy, we look for bear rallys to hit, until that trading method no longer works, at which time we change to something that does. Seems to be the smartest way to go..
Sharck |
