30 January 2007

Let's Do The Pre Fed Boogie

Markets finish green without very much conviction...the dollar was stable and bonds bounced a bit with the energy markets the stars of the day...some big moves here with oil finishing up 5%, natural gas adds 10%+ and don't forget home heating oil firing almost 4%...big moves to be sure...and nary a glance from equities...I'm sure all the positioning in front of Wendsday afternoon's FOMC decision is keeping us range bound but I cannot reiterate enough that the markets look very shaky here...just a little more pressure to the downside and as Ross Perot once said... "You'll hear a big sucking sound"...jfg.

No comments: