Wednesday, October 25, 2006
Relief from the Fed
US stocks closed higher Wednesday, finding relief in the Fed's decision to leave interest rates unchanged and its assessment that the economy continues to expand at a moderate pace.
The SPX finished up 4.84 at 1382.22. We are still firmly in our green zone and looking ok.
The market digested the Fed's comments by thinking that the Fed were now not so concerned about commodity price pressure and that the rates would remain on hold for the foreseeable future.
We shall see....
This weekend I will posting our second trade for all those who want it so please look out for it.
Until next time.
The SPX finished up 4.84 at 1382.22. We are still firmly in our green zone and looking ok.
The market digested the Fed's comments by thinking that the Fed were now not so concerned about commodity price pressure and that the rates would remain on hold for the foreseeable future.
We shall see....
This weekend I will posting our second trade for all those who want it so please look out for it.
Until next time.
# posted by Paul @ 6:10 PM 
