Wednesday, March 21, 2007

MARKET IGNORES FED STATEMENT FOR TRADITIONAL RALLY

This is a market so geared to rally on any FED statement that today the knee jerk reaction was to hit the buy button on the issuance of the statement no matter what... The idea being that the statement would be ambigous enough that the spinsters could push it any which way for a rally...

GOLDS SHOULD DO WELL NOW THAT THE FED ARKNOWLEDGES THE INFLATION THREAT...

My hunch is that "FED rally" will be very short lived....

ALWAYS READ DOWN TO AT LEAST THE THIRD PARAGRAPH! BEFORE YOU HIT THE BUY BUTTON...