Let's see--down with oil and gold and up with stocks and bonds. Everything good for Uncle Sugar. I'm especting a very friendly CPI here and I think that's what's being priced in but it's just a guess. Still absolutely no reason to be bearish ST but plenty of IT and LT caution signs.
It will be interesting to see if the OEX P/C data impacts the market by week's end. If they get the NDX rolling here we could really have a nice up leg. So many waiting for a correction that's not arriving. That makes me thing that once one arrives it could get a little uglier than expected.
Someone Hit the Button Today
Started by
Cirrus
, Feb 20 2007 12:24 PM
1 reply to this topic
#2
redfoliage2
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- Traders-Talk User
- 18,000 posts
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Posted 20 February 2007 - 12:31 PM
I guess CPI numbers already leaked out and they are good for the market.Let's see--down with oil and gold and up with stocks and bonds. Everything good for Uncle Sugar. I'm especting a very friendly CPI here and I think that's what's being priced in but it's just a guess. Still absolutely no reason to be bearish ST but plenty of IT and LT caution signs.
It will be interesting to see if the OEX P/C data impacts the market by week's end. If they get the NDX rolling here we could really have a nice up leg. So many waiting for a correction that's not arriving. That makes me thing that once one arrives it could get a little uglier than expected.
Edited by redfoliage2, 20 February 2007 - 12:35 PM.
