Tuesday, December 12, 2006

Waiting, waiting, waiting...

WHAT are the traders waiting for? Everyone knows there will be no increase and mostly everybody who has common sense knows that there going to be no hint of "rate cuts", not yet, economy is not THAT bad ( Except for few hardcore speculators who will be dumpung huge speculative positions opened right prior to the FOMC meeting ).
I expect market to dive for few minutes and go up after - it's been in a "holding pattern" for a while - enough already.
Waiting, waiting, waiting...