Strong rally out of the gate on the GDP numbers from last quarter. These are lagging numbers and do not reflect the slowdown experienced in the current quarter, but nevertheless it's a switch in tone where economic strength is now welcome, not feared. We will find out shortly what is truly priced into the market. If you are long from yesterday's lows, cinch up your stops to even and let the dice roll. As for fading this rally, it's a play, since fear should creep in as we get closer to decision time.
This entry was posted
on Thursday, June 29, 2006 at 7:32 AM.
