Markets are doing their USUAL "nervous dance" as feds are going to decide what to do with interest rates.
Oil is down BIG.....
GOLD is down BIG.....
Housing is in total disarray.....
So let us see what is FED going to do......
Raise interest rate....NO
Worry about INFLATION.....that will be part of BS statement...which they PHOTO COPY...
FED will ACKNOWKEDGE " finally"that economy is SLOWING down & INFLATION is being CONTAINED......whatever that MEANS.......
So RELAX do your "old fashioned due diligence & buy what you like"
You can ALWAYS tell that markets have DISCOUNTED everything including FEDS...when Eric Bolling & Pete Najarian have LOADED on PUTS.....they are my very RELIABLE contrary indicator......
@ 11.10 AM the following stocks are GREEN:
SNDK,STP(I am always DELIGHTED when this DUD is GREEN),FDRY,CSCO,MPEL,DELL,CMED,ICE,GOOG,
MBLX,ELX,TSL,HOKU(new HIGH),BIDU,MR,MA,RIMM(target increased by credit Suisse).
Good luck for rest of the day.
BLOG does not give buy or sell.
Next post around 7PM EST.
Saleem
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