The fed effectively cut rates to zero. And they will be doing all kinds of things to keep us out of the abyss as they put forth a biblical statement. The market liked it and the dow closed up nearly 360. MLPS closed higher by 2 points and over 180. As usual in these situations we should see us play catch up tomorrow.
No news so far after hours.
adbrite ads
mystic monk coffee
investment strategy tips
joseph cioffi's Source Page - Associated Content
http://www.associatedcontent.comuser/505733/joseph_cioffi.html
joseph cioffi's Source Page - Associated Contenthttp://www.associatedcontent.comuser/505733/joseph_cioffi.html
About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
FEEDS AND OTHER BLOGS
seal of approval
OTHER INFORMATION
OTHER INFORMATION
2 comments:
Don't know about "catch-up", Joe.
Depending on how the market reacts to OPEC's to-be-announced production cut and tomorrow's energy numbers, we could see a lot of volatility tomorrow and over the next few days and weeks.
Bruce
it just looks to me like the overall market wants to go higher here. OPEC cut i think is priced in so unless they come up with a bigger cut (a bigger lie about what they are cutting) then energy stocks could rally as a whole. Also dollar is imploding and that could be a player in crude prices.
Its never easy.
Post a Comment