I figured Kerry winning Iowa would cast a dark cloud over market today. Will Bush's upbeat State Of The Union lift market tomorrow.
Ok, here is a little tip for you. While Mr. Bush is speaking, watch the USD/EUR pair on the Forex. Then compare it to the overnight activity. This will give you an early indication of market action. PS...right now I am thinking long....they sold the rumor, now buy the news.
I am not saying it will do either. Watch it tonight and US pre-market. It will either go up or go down. That is the direction to go with Wednesday. As a general rule...on YM it looks like they sold the rumor. So in that case buy the news. If both indicators give you a long indication, you have a very good chance of making money on the long side Wednesday. IMHO....which has been pretty good lately.
Advance copies of Bush's speach disclose both the whereabouts of Bin Laden and a secret plan to end the war.
The text of the speech has been out for several hours. Markets are still slightly underwater. I doubt if there will be any upside surprises. But you never know. This Put/Call ratio is something to behold. And yeah, I'm talking my book. Dr. Zhivodka
Have to agree. Thanks to him and congress as well I think we have likely seen the last budget surplus of my generation. It was like that Haley's comet commerical. If you reached down at the wrong time to grab a beer you missed it. (old budlight commerical I think) Don't think it will have much effect eitherway unless the damn teleprompter fails. That things goes out W is in trouble bigtime if memory serves Bush without a que card is not a pretty sight. Can't be as bad as Dean last night though. LOL Click "Dean". http://www.rushlimbaugh.com/home/today.guest.html someone post the full clip, if anyone hasn't heard it radio shows were all over it on the drive in this morning. :eek:
all that needs to be said bout that! Ya, when Bush spoke market would dip but as soon as he stopped it lifted.