TWSInvestments's Commentaries
Mar
16
2010
All Eyes on the Fed, Change in Language Seems Likely
by TWSInvestments
Overall Rating:
I am looking to work myself into a bunch of longs in the next couple days for a strong push through the 1,150 level on the S&P. The market, after a 9% pull-in, bottomed at the beginning of February and pushed back to highs. For the past 2 days, we've sat on highs with relatively low volatility. A minor attempt to sell-off occurred in the late morning yesterday but stocks promptly recovered closing positive for the day. Shorts are trapped and it seems likely we see higher prices sometime very soon. I will look to buy a drop in equities should a change in the Fed's statement cause selling pressure.
"After paying back about $51 billion from the two most recent transactions, AIG still owes about $50 billion." (The Week) -What a long road for AIG. Though I am amazed they've paid back half so quickly. But, it comes at the cost of two profitable units of the AIG empire.
Tags: extended-period | aig | market-analysis | fomc-policy-statement | spx
