It's Over!!! It's Not Over!!!
Listening to the CNBC on this issue will make your head spin. I personally do not think that it is over, but I do believe that it wont affect good quality stocks. If you are putting your money into lenders, banks and builders, you are asking for trouble. Housing inventories are still climbing and prices have not declined substantially yet. I check this site regularly to find out if everything is OK:
http://ml-implode.com/
5 lenders imploded just this past week. Looks like more pain is on the way. Will helicopter Ben cut rates again? That kind of speculation is a shot in the dark at this point. Do what I did at the last fed announcement. Wait until the news is in and trade on it after it is released. Gold went up huge along with the rest of the stock market, and the dollar sank. This all happened after the fed announcement. Let the other traders do the dirty work for you before the announcement.
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