Monday, August 09, 2010

DRAMA

Tuesday is the FOMC interest rate decision day at 2:15 PM, usually markets are quiet ahead of that data. Futures point to a green open, I don't expect a lot of volume or volatility....markets sit on ST overbought condition.

Markets will try to confound as many as possible before taking them out. Diversified portfolios still the strategy of most financial advisors.

Lowest mortgage rates in history, many may try to refi...IF they have HOME EQUITY......is it like the man in the desert who thinks he sees a pool of water....but always just out of reach...

WHile we could argue for hours whether we are in a cyclical bull market or not, my argument remains were are in SECULAR BEAR MARKET maybe only half way through.

D

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