Day 3, Stocks Soar on Hopes
Posted on November 29, 2007
Filed Under Market Speculator |
Volume swelled as traders cheered Kahn’s comments about another possible FOMC rate cut. Although this V-shape move is more severe than in Aug we still can not fight it. Day 11 of the attempted rally is when the FOMC will announce its cut. That is, if we don’t get a surge on one of the major indexes of more than 1.5% on greater volume.
LTRE and AVAV I am personally looking at.
Market Speculator
Holding off on accumulating any Ultra-Short ETFs after yesterday’s move.
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