A few posts ago, my confidence in BDK was absolute versus AXP & HAL. My gut was right. It opened down hard. the FED thing... *sigh* again gets in the way. so, my portfolios are in a holding patter
once the FED gets out of the way this wednesday, the bears will indeed control the market. If he does something like a rate cut >.50 (even >.25), well... what does it say to EVERYONE who owes money. The emergency cut last week hasnt gone to work yet.
either way, this market is heading down no matter what he does (hopefully he says something that implies just that). the housing numbers were bad... and yet the marketʻs rate cut hopes keep the market in the green.
We have some huge earnings reports this week... i will wait for the FED to open their mouth before obtain more positions, a short vacation...
Hotel stocks are rallying... HET, HOT, LVS, MAR. recession will definitely do them in, they will be the next headliner (media is already late in reporting this stuff) now that housing is old news. Not good for vacation spots like Hawaii