Market Thoughts

It was a positive day today, with economic indicators showing the economy is not nearly as bad as people have been thinking. Frankly, I have been of this opinion for a while now, but I still think there is plenty of fear out in the market, and its still very much a wait and see situation.

For those risk takers out there, I would start buying up cheap stock ahead of the Fed rate cut announcement.

Another respected economic indicator will be released tomorrow: jobless claims. Although typically this does not have a great affect on the market, the mass hysteria in the market could take a spike in claims as a negative sign and just crash. Just as likely however, is a spike downward, causing continued faith in the market.