No doubt traders want to take this market higher. I look for the action to be very choppy after the announcement---not because the decision will be a surprise---but because the markets have been in neutral all week. The battle lines are drawn and there will be strong advocates on both sides and we shall see whether it is the bulls or the bears that prevail.
Oil numbers this morning would indicate a sluggish economy, but that didn't deter some of my favorite inflation type plays like FCX. Bad news this morning did not keep these markets from going higher.
We had a great interview with Jim Rogers this morning and even though we had technical difficulties, those of you on the email list will receive a summary of the interview. Our show is growing and our new website is almost complete. STAY TUNED
Wednesday, April 29, 2009
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