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.
Monday, December 10, 2007
Wait and see
Posted by Finance Guy at 8:46 PM
Labels: stock market
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