Wednesday, June 28, 2006

Not much action
An hour and a bit more till closing and the two indices are up modestly. Regardless of todays outcome tomorrows Fed descision is whats going to determine the markets future. The market looks like its on hold for this reason. I'm nervous about tomorrows decision as there has been more and more rumours about a half point hike which the market will not take positively. We will see, quarter point hike with signal of possible pause will mean a huge rally.

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