Sunday, January 27, 2008

Woah Nelly!

Spent the past week on the road for work, so it's nice to finally be home and blog from the comfort of my sofa.

Plenty has happened this week, both for me and the market. Personally, I had fun on the road and then going back to my college to hang out with some buddies who are still there.

For the market, it was a fun rollercoaster event. The week started with a headlong plunge into the black abyss, saved by an emergency Fed rate cut and smoothed out with three solid days of gains.

What will this week bring? More than likely, another 25bps rate cut on Wednesday. However, I still believe the markets are rattled and last week's gains are only temporary. We aren't clear of the bears yet.

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