| I dont know, its already down almost 3% from fridays close. Buy the rumour, sell the news type of deal (but in this case the opposite). Not that I'm brave enough to buy it here.
I'm kinda bullish into the FED meeting on the 30th. Where I think people are going to realize taht .5% isnt enough and Bernake wont be able to cut further resulting in confidence and sentiment being hit pretty hard causing a fairly disastrous month or two. If so, getting that right would be the trade of the year & getting set at the bottom could be a time to put some stuff away and lock the key. |