U
upsadvisor
Guest
The popular opinion seems to point to a rate cut by the Federal Reserve on Wednesday by at least 1/4 point.
What does this mean ?
Stock are moving today in advance of any action so today and tomorrow represent an opportunity to take some profits in your inestments if possible.
The market will in all likely hood slip down after the move if any by the fed.
The bottom line is that the earnings for corp America ( and the world ) are just not good enough yet to sustain this rally that started in October ( Oct Dow was up 10% ) and you will get plenty of chances to buy good companies at better prices but you may not get many opportunities to take some money off the table.
Always take what the market gives you.
John
What does this mean ?
Stock are moving today in advance of any action so today and tomorrow represent an opportunity to take some profits in your inestments if possible.
The market will in all likely hood slip down after the move if any by the fed.
The bottom line is that the earnings for corp America ( and the world ) are just not good enough yet to sustain this rally that started in October ( Oct Dow was up 10% ) and you will get plenty of chances to buy good companies at better prices but you may not get many opportunities to take some money off the table.
Always take what the market gives you.
John