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Wilma and the Markets - Directionally Challenged
Posted on 09/25/2006 16:38:37 | Link | Post Comment
Wilma and the Markets - Directionally Challenged
We suggested Sunday night that Iraq's historic step towards democracy could very well provide much needed fuel for Wall Street. We also cautioned that Wilma, only a tropical depression at the time, would become a force to be reckoned with.
Yesterday we saw a strong open, mid-day fade and then a convincing rally right into the close. Today the markets continued with their indecisiveness with the bias leaning slightly to the upside.
The markets want to go up. Traders and investors want the market to go up. So what's the problem? Fear. Not a specific fear mind you, just a generic sense of uneasiness brought on by the unknown.
The last 10 months, beginning with last year's Tsunami, have seen a seemingly endless parade of natural disasters. Earthquakes, mud slides, hurricanes, flooding, and with a frequency that is well... frightening.
With each shift in direction Wilma makes, fresh fear grips someone, somewhere. The same goes for the market. Both Wilma and Wall Street are seeking direction.
I'm no meteorologist so I can't say much about Wilma, however, I can absolutely tell you where the markets are headed. This is a 100% money back guaranteed market call. The direction the market will take, is UP.
Always has, always will.
So fear not...
We suggested Sunday night that Iraq's historic step towards democracy could very well provide much needed fuel for Wall Street. We also cautioned that Wilma, only a tropical depression at the time, would become a force to be reckoned with.
Yesterday we saw a strong open, mid-day fade and then a convincing rally right into the close. Today the markets continued with their indecisiveness with the bias leaning slightly to the upside.
The markets want to go up. Traders and investors want the market to go up. So what's the problem? Fear. Not a specific fear mind you, just a generic sense of uneasiness brought on by the unknown.
The last 10 months, beginning with last year's Tsunami, have seen a seemingly endless parade of natural disasters. Earthquakes, mud slides, hurricanes, flooding, and with a frequency that is well... frightening.
With each shift in direction Wilma makes, fresh fear grips someone, somewhere. The same goes for the market. Both Wilma and Wall Street are seeking direction.
I'm no meteorologist so I can't say much about Wilma, however, I can absolutely tell you where the markets are headed. This is a 100% money back guaranteed market call. The direction the market will take, is UP.
Always has, always will.
So fear not...
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