Bernanke and Friends Fail to Inspire Stock Gains
June 26, 2008
Stocks were boosted by a fall in oil prices but were less than pleased about the FOMC statement. At the end of the day, stocks simply stalled and fell back to where they were prior to the FOMC release. The only thing positive from yesterday’s trading was we ended the day mostly green. Even the hefty gains see on the NASDAQ came on lower volume. New highs continued to be dominated by better than a 6 to 1 margin by New Lows. VIX and VXN continue to be stubborn and bonds continue to shrug off any fear of inflation. This market will continue to be choppy and a difficult environment to achieve Monster Stock GAINS!
Keeping it short and sweet today. This market is getting very boring without hefty gains. I am looking at two stocks: AVAV and HIRE. I will do write-ups over the weekend and post here. But, both sport hefty growth numbers and their shares are in demand.
Keep those losses short!
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