Tag Archives: internet
Here, mousie, mousie! The scene we’re witnessing in the opening market sessions of the New Year is a classic. Wall Street’s “wealth exterminators” are loading the mousetrap with the most delectable cheese on Earth. Why, the Federal Reserve may stop raising interest rates after another quarter point, a half at most. What could taste sweeter to a rodent’s palate?
Well, here we are. The stock market “correction” that I predicted in the January newsletter is in full swing. In fact, a bottom may be forming as we speak. My short-term technical indicators are flashing oversold. Within the next few days, the market should find its footing and try to rally again.