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Rocking and Rolling

By Steve Abraham on Nov 28, 2007

Well, the market is blowing up today. Every stock in the dow is up today.  Basically, the rally is being fueled by rumors of another Fed rate cut.  I think its a given the Fed will cut rates in December, the question is only by how much: .25 or .50.? Yesterday I mentioned some stock to watch. Although the buy price was not met for all of them, they are all significantly higher.  I still like the names from yesterday on pullbacks.

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This entry was posted on Wednesday, November 28th, 2007 at 1:53 pm and is filed under Stock Charts. You can skip to the end and leave a response. Pinging is currently not allowed.


3 Responses to “Rocking and Rolling”


By Aaron on November 28th, 2007 at 6:48 pm

If stocks keep this up I would think that it will take 50 basis points to keep stock traders happy. The expectations for a rate cut were certainly behind today’s terrific advance. Financials headed the way.

By Jessica Sanchez on December 26th, 2007 at 3:52 pm

December typically always gets higher because of holidays. Wizetrade even shows that.

By Mike Foster on January 10th, 2008 at 3:25 pm

I consider myself a pretty decent trader, and I still don’t understand why we have days like this. How come EVERYTHING goes up. I guess it’s just one of those things. Wizetrade predicted this also though. I guess I’m the only one ought of the loop.

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