Stock Market Analysis - 06-25-2008

June 25, 2008 · Filed Under Broader Market 

SPY Daily Chart 

The fed left the rate untouched as they acknowledged the problems of both slow economic growth and rising inflation.  The usual volatility occurred after the announcement with the S&P 500 settling just below the pre-announcement price to end the day.  Expect a rough summer while the stagflation issues keep popping up and prevent any major bullish runs.  There seem to be enough buyers to maintain the current support line for now though.

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One Response to “Stock Market Analysis - 06-25-2008”

  1. Richard on June 25th, 2008 11:12 pm

    It was a day to add some to one’s short position, as stock prices rose, if one is guided by an investment maxim such as mine: “in a bull market be a bull; in a bear market be a bear. In a bull market, one buys on dips; in a bear market, one sells into strength”.

    Having said that, however, and having set forth a model short selling investment portfolio in the website link, I suggest that one not use short selling, as all one has is a dollar denominated investment

    I recommend that one invest in gold.

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