Tuesday, May 3, 2005

Fed speak

By now, you already knew the lines of the Fed's statement. The statement is generally benign and seems optimistic about the pace of economic growth. So now what? As the averages quickly fade into low of the day, my confidence of a quick, short-covering rally diminish too. Since most of my long picks have been performed well, I will give it a little more time before I put on my bear mask again.

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