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MysteryTrader's Commentaries

Aug 25 2006

Watch for Downside Risks

by MysteryTrader
Overall Rating: Average rating is: 0 stars.

Today at 10 a.m. EDT, the markets may react to any hints given by Fed Chairman Ben Bernanke when he speaks about global economic integration at the Federal Reserve annual symposium in Jackson Hole. Ben has some history of saying odd things, and he could be capable of saying anything today.

Crude oil is up more than $1 on signs of a tropical depression gaining strength near Puerto Rico. This is potentially bearish for the stock market.

Downside risks seem to far outweigh any imaginable upside rewards, so I am selling short.



Tags: economic-events
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