Securities Research Services

Tuesday, December 11, 2007

Fed Fireworks

The Fed meets today and will release their monthly volatility wave on the market at 2:15 p.m. Look for prices to drift on low volume right up until the release. At release time, the usual fireworks will begin as huge bets are made in reaction to what the minutes mean or don't mean.

The focus today will be on language that indicates further rate cuts, or not. Speculation is sure to be rampant and the first move will likely be faded.

This is all just very normal Fed day stuff. Use the dips to buy the strongest stocks, for once the dust settles, the trend should resume.

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