GREY:ROAOF - Post by User
Post by
Badger7on Jan 31, 2007 6:00am
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Post# 12128954
Asian markets whacked -6% overnight
Asian markets whacked -6% overnightmarkets look like they will get their ahssz handed to them today regardless of the Fed
I think the Fed will surprise with more hawkish outlook with metals poised to breakout (see charts on copper, nickel, silver etc) he will give them some wiggle room perhaps with a surprise HIKE
housing still needs to be shaken since holders of homes still out there trying to flip the next generation out of ever being able to afford a home
if housing doesn't stop then them wages will have to catch-up and if wages are disproportionate then that pressure is the worst that corporations may face for a market under
pressure does not like wage pressures
the fed will SURPRISE WITH HIKE TODAY and even if not he will have the market repriced for it to happen in near future => time to lighten up on stocks judging by futures and Asian markets down a whopping -6%!