Wednesday, April 30, 2008

FED DAY!!!

Well oh well.....the Fed came, the Fed announced, the markets...faultered? More or less, as it's been deemed, it was pretty much a "non-event". The 0.25 cut was so expected, and the verbiage afterwards was so dull...there wasn't a surprise by any imagine. Take a look at the internals below...

Whoops, wrong internals; that's just a finger painting by Gerald at the age of 2! HA!

Ok, there we go...the Internals of the market did a 180; once we knew that we weren't going to blast higher. And like I said before, I felt/feel like we've been looking for an excuse to head lower and I believe we just got it...Up against resistance; nice gains on the day, then WHAM!!

3 comments:

Shelley said...

I never knew Jarred was such an ARTist! Amazing. He should quit his day job. And you are right. Yesteday was pretty much non eventful except to keep everyone talking!

Shelley said...

P.S. What is it?

Anonymous said...

Man...Now that i see this picture in a different light, it seems that I was born for this stuff!