Hey all, sorry to be such a stranger. Got a freind in the hospital, and another one (AL and family) up visiting from Florida. Threw a party for them on Saturday, so Friday was pretty hectic with visiting the other one in the hospital and trying to set up and make arrangements for that party. Then, yesterday. I took the day off and took Al fishing. Must be that time of year or something, but to tell the truth, I haven't seen too much reason to hang out in this market the past couple days anyway. Been sitting here watching the Nasdaq futures all over the place this morning....the talking heads on CNBC chattering about whether the fed is gonna raise the rates again...blah, blah, blah. Saw those futures as high as up 80 some points about 15 minutes ago and turned around and they are down 16 points now. Again, the market lacks conviction, and the summer rally seems to have come and gone. My recommendation is to stick with quality money making companies with moderate P/E's and good growth prospects when it comes to your investment accounts. (Now futures up 2.50) As for the rest, scalp them intraday, and short the pops. This could be about as high as the Nasdaq goes this year. We'll see.
Personally, I think Mr. Greenspan and company should bypass an increase at the next meeting and wait to see the effects of what they have done to date. Too much too fast is never a good thing. (futures down 7.50 now....insane) |
