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B4 the Bell, Toozleday Aug 10, 2004


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very impressive response to a rate hike.  how long does this nonsense last ?

Ahhh,... most likely till the first hour of trading tomorrow.

 

Hyper has this one pegged.

 

When certain things like crude & gold get ignored by the fed hike.. game over. Now the waiting game or fashion show.

 

I'm thinking here, so forgive me, but I think the goldbugs are just about ready to give it up. Right before the big rally. Wall Struck always rinse out the longs before the next big rally.

 

Lots & lots of drama coming into the election.

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It's hilarious to read the press accounts of the rate hike.

 

Some think it's dovish. Some hawkish.

 

All treat the Fed's optimism about the economy with great solemnity.

 

Ludicrous. It's just a wild-ass guess on the Fed's part, and probably a poorer guess than you or I could make.

 

The silly little relief rally will evaporate like the morning mist.

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I did not like that inversion -the first in a long while, balancing that is the fact the market has pole vaulted into pretty heavy resistance. I may sell the close but I want to see how it closes first. Doc is right in that Da Boyz will be getting well short up here.

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It's hilarious to read the press accounts of the rate hike.

 

Some think it's dovish. Some hawkish.

 

All treat the Fed's optimism about the economy with great solemnity.

 

Ludicrous. It's just a wild-ass guess on the Fed's part, and probably a poorer guess than you or I could make.

 

The silly little relief rally will evaporate like the morning mist.

put so well! :lol:

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I did not like that inversion -the first in a long while, balancing that is the fact the market has pole vaulted into pretty heavy resistance. I may sell the close but I want to see how it closes first. Doc is right in that Da Boyz will be getting well short up here.

SPX 1076 has been tested for nearly an hour and (allowing a point of leeway) has checked the advance.

 

So FUR so good ...

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