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All I do is wait for you..

(2007-10-29 18:02:47) 下一个
Do not confuse that with love song, Chairman Ben. The market is waiting for your decision, more precisely, your early christmas gift -- the rate cut.

If we have a choice, we could strike out today and tomorrow in the calendar and fast forward to the Wednesday. Yes, there are still trades to be made, but, overall the market is in a suspense. So, we can forget about big up/downs.

That is precisely what happend today. Volumn is low across the board, the big guys just keep their powder dry, sit on the sideline until the rate picture become clearer.

Tomorrow could be the same, although, there are some interesting earnings in the morning. unless, we see a statement like catpillar, the market will be basically flat, volumn will be low as well.

So, have a rest for a day or two, and maybe listen to some music..

All I do is wait for you..
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