Posted:
#1
Allow me the privelege of beginning the last thread for the month.
FOMC day.......personally, am sitting this one out, since I think I've made money maybe twice in about 135 previous times trying to trade this day.
Pretty obvious Scholar Ben will stay hidden in his Princeton Economics textbooks and do nothing today except try to "jawbone" up the value of the dollar by making murky statements about inflation.
The US economy is horrendous right now, and it seems to be getting much worse with seemingly no end in sight for soaring oil prices, the constant threat of fighting in the middle east, credit strapped consumers (who are already under water, by the way) worrying about job security, no m/a activity, Bernanke threatening to raise rates, and no new inventions to kick start anything (don't want to hear about that iPhone/blackberry foolishness).
Dismal. End of story.
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