Tuesday, October 28, 2008

Awaiting Consumer Confidence... Fed tomorrow.

This will be the catalyst to whether its a huge rally or a whimper. The global market was up. I have no idea what the FED rate cut will do for the market. Its a no win situation for the FED. Cut rates and devalue the $US or leave rates and have the market continue on its slide. Dont know.

For now my positions are a hold, altho i did wish i sold SNE puts yesterday with the possibility of buying it cheaper today. I will post Wednesdays Premarket earnings today, and if i have time, the aftermarket stuff as well.

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