Yahoo,true to form,disappoints again. We also have UBS writing down about $14 billion in bad sub-prime. Wow. Foreign markets are a bit lower. All eyes on the Fed today,the market should have the bandages on hand if we only get 25bips.
Wednesday, January 30, 2008
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
1 comments:
I think a 25bp cut from the fed would be murder on the market. everyone is pricing in a 75% chance of a 50bp cut so anything lees could be a detriment.
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