Interest rates have to go up soon -- they remain at record lows. The Fed Meeting is surely discussing this. It's doubtful they will move rates higher on Tuesday, but they will announce that an increase is iminent. This will likely send markets swooning.
This market is over-due for a sharp selloff. The NASDAQ is up 257 points in five weeks - insane!
CNBC's Jim Cramer said on Friday this is "the most overextended stock market he has ever seen."
TRADE: Short term trade is buy puts in just about any index. Should result in a quick profit this week.
Saturday, March 13, 2010
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