Economic Conditions Are Starting To Slip. Start Lining Up Your Shorts!
This week, earnings season kicked off. Alcoa sees steady demand for aluminum and CSX is forecasting growth across all of its rail transportation segments for 2010. The market liked the news and it rallied on Tuesday ahead of Intel's number. The tech giant did not disappoint and it posted its strongest quarter - ever! This set the tone for tech stocks and the market pushed opened higher yesterday. That rally lasted until the FOMC released its statement. The Fed lowered its GDP forecast for 2010. Fed officials concluded that the "economic outlook had softened somewhat." Half of the Fed officials saw …
July 15, 2010
• Posted in: Options
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