Noon update:
Feds inject some dough and we get a double bottom bounce on ES (1433). However, once the initial euphoria dies down, the markets could see this as a sign the Feds are worried. The close will tell us how the markets are taking this. Be careful of the lunch whipsaws.
The dollar is testing the December 2004 lows (80.39). My guess is it holds and we could see a greenback rally.
Feds inject some dough and we get a double bottom bounce on ES (1433). However, once the initial euphoria dies down, the markets could see this as a sign the Feds are worried. The close will tell us how the markets are taking this. Be careful of the lunch whipsaws.
The dollar is testing the December 2004 lows (80.39). My guess is it holds and we could see a greenback rally.
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on Friday, August 10, 2007 at 8/10/2007 11:53:00 AM.
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