Forget today

Bernanke hinted the interest rates would be lowered (duh!) so the market is reacting with extreme higher upward pressure.  The funny thing is that everyone knows the Fed will be lowering interest rates, so why the massive reaction several people don’t get it, including me.

The truth is that the dollar is weak so making the dollar stronger to keep the economy stronger to keep the USA out of the expected recession, the Fed should drop the interest rate like 100 points, though they will probably baby it and lower 50 points and at some other non-scheduled time lower another 25-50 points.  Bernanke isn’t cool like Greenspan.  Watch for Bernanke to have to fight to keep his position and not become a single session Fed Chairman.

So Dell didn’t do enough to drag down the tech sector today.  Pretty sure nothing could lower today’s market direction after the Fed hinted.  Damn Fed.  Oh well, I’m not changing my positions, I’m just going to wait it out. 

Selling for a loss is smarter than being stubborn, but I’m hoping that I’m right in my analysis and not just plain wrong.