Wednesday, September 20, 2006

Fed Status Quo

  • Sold a little more right ahead of the Fed announcement.  Just cuz.  Seemed like a probable catalyst for profit taking. 
  • Is Detroit on the brink?  Domestic auto makers having a rough go of it, churning out gas guzzlers when Americans were paying over $3 a gallon.  .  Another overlooked thing might be forward sales.  Remember when automakers were using 0% interest loans and other discounting to move cars?  Maybe that bit into future sales.
  • Freakies statement out, as expected.  Not much.  Market selling a smidge, but nothing dramatic.
  • Lunch.  WWJD:  What would Jarrod do?  Subway.

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