Wednesday, October 29, 2008

Futures Down Slightly

Good Morning! Pre-market futures are down slightly on recession concerns (and rightfully so after a day like yesterday). Today is Uncle Ben day again, as the markets will likely trade within a small range before the 2:15pm announcement on interest rates. I think we are going to definately get 50 bps while some people are hoping for more. Either way, it should prove to swing the markets violently. As a note, the dollar, oil, and gold plays are all moving in the right direction. Happy Trading!