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Ben's New Approach...

Posted on June 25, 2008

FUNDAMENTAL ANALYSISThe Feds held rates steady this time round as most analysts expected. Stocks actually rallied on that news before pulling back slightly to close positive by the end of the day. This intraday rally actually revealed the fact that investors are still negative to a rate hike and the late pull back revealed investors' uncertainty about tomorrow's GDP numbers (see economic calendar). What was really interesting was Uncle Ben's new approach to this situation... LIP SERVICE! Yes! Call it brilliant or call it revolutionary but he is obviously trying it as a new technique to control...

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fed , gdp , inflation , oil , the fed