Now what
(2007-10-31 19:08:40)
下一個
The FED gave what market wanted but took away the certainty of another rate cut (it all data dependent from now on again ). Now that the suspense is gone, It is the time to do a reality check.
There are still a lot of bulls out there, this is so evident by the fact that the any news is a good news. Every piece of news is spinned to favor the bulls.
Tech is still strong, it is believed that the tech will not be affected by the financial woes and the lower dollar will help tech export.
If you are in the camp of a even weaker dollar, then, we will continue to see the rise of commondity, thus, energy, gold and farmer product (fertilizer included) will benefit.
The global economy is growing faster than usa, thus, some international play should be in store as well.
Of course, all of these can be changed in a heartbeat. For now, However, these are probably will be the better places to park the money.
Tomorrow probably will give a better read about what the rate cut and statement truely meant for the market. Will bull have a buyers remorse, or they grow even confident with a brand new month and holidays fast approaching?
let\'s hope the current strong trend continue