Cusick’s Corner 08-30-2012
Many traders on both sides of the fence spent the day shoring up risk in front of Bernanke’s comments tomorrow morning. While it is impossible to game plan what is going to happen, the move this morning did give an indication that if there is no change in the stance or language from the Fed, markets may not react too kindly. There are two flags that have triggered concern: First, the Transports, IYT, have been on a slide and that’s negative for the Dow Industrials. … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards