Monday, September 17, 2007

Big Day Tomorrow

Tomorrow is a big day for the market. The Fed will announce its decision on interest rates. This is probably the most uncertainty I've seen in the markets. As I've discussed before, investors are counting on a rate cut. How much will remain to be seen. If there is no cut, which is a possibility because of inflationary pressures, stocks will retreat. Beyond that, there are lots of possibilities for how trading will go after rates are announced.

We also have the big brokerages reporting earnings this week. These aren't the most forward looking results, but it will be important to see how much they have been affected by the markets volatility, lack of M&A activity, and liquidity mess.

No one will be getting bored with the market this week!

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