Tuesday, June 27, 2006

The Market on Decaf

Decaf, Muck?

  • Seems like folks are expecting the Fed to raise rates to 10% by the way the market acted today.  It was just a steady grind lower all day long.  I remain long and very interested in how folks react to Bernanke tomorrow.  Seems like it's setting up for a jolt higher.  Month-end strength coming right at the time the market is drifting lower and the Fed is speaking.  Just thinking outloud.
  • Drinking decaf coffee lowers diabetes risk.  Interesting.  I thought it'd be the caffeine, but it's something else.
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