Securities Research Services

Wednesday, April 30, 2008

Nothing to Add Until Fed Acts and the Market Reacts

Until the FOMC policy statement at 2:15 p.m. today, the market is likely to continue to bide its time. At 2:15 we should get some fireworks and by tomorrow we should have a better idea what this market has in mind moving forward.

It's best to stay sidelined or at least manage open positions carefully until after the market's reaction to the Fed is known.

There isn't much more to add until we see the reaction to the Fed.

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