Monday, December 10, 2007

Wait and see

Today's market was upward trending, yet cautious. Why? Everyone is still waiting to see what the Fed will do. 25bps is in the bag. 50bps? Maybe.

Tomorrow is a day to ride it out until 2:15pm. Then, the market will almost certainly see a big bump, followed by a drop either a few hours later or the day after.

The best way to play tomorrow is to take some gains quickly, especially short-term bets, but hold on to long-term bets, as the economy is definitely turning for the better.

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