April showers; May flowers. Odds for up days during the last sessions of April are in the 40% range, partly because the first half of the month is so strong; the beginning of May runs from the mid-50s all the way, if memory serves, to a 75% probability of an up session the first or second trading day of the month, though as a whole it's choppy.
Patience, friends. If you check out the Journal article that precipitated this retrenchment, you'll note that the Fed's bias toward tightening is neither imminent (as in expected after the May 19 board meeting) nor unexpected (for months it has been a question of when, not if).
That's what I tell myself. Of course, my nails are looking a little ragged.
As for a moderated thread, generally I think it unnecessary, but every once in a while you get a person so impossible ... Oh, never mind. Good trading, SEEKers.
J |
