Tuesday
October 28, 2014
Prepared by the good people at Random Walk, LLC. (and Scott)
Fed meets today and tomorrow. Wednesday 2:00 rate decision and end of QE 3,000 announcement.
Great Morning !
Closing Prices From Yesterday
Today’s Number(s)
Yesterday and Today
Yesterday
The Dow was surprisingly modestly weak on the open because oil was falling below $80. Once oil stabilized so did the market which ended up being a BORING day.
TSLA fell on mixed news. They are initiating a leasing program and a “If you don’t like it return it” plan. I think it is balsy and good for the long term, but it scared investors.
TODAY
All should be a little boring today as the Fed rate decision is being announced tomorrow (Wednesday). It is widely assumed that tomorrow is the last day of $15 bln bond buying and then the FED is officially done with QE tapering. The only things that make this day busy are NOT the current numbers coming out (as they will be ignored for tomorrow’s bigger news), but rather:
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More Ebola patients popping up, but now it has to be two or more. One patient and the market can absorb it.
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OIL taking a big hit. It is very close to $80. When it fell through $80 yesterday it bounced right back. If it falls again and continues to fall (instead o bounce) it can be devastating.
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Media- These people are not content making the news, they have to create it too. If the ratings-whores decide to start a stampede because tomorrow is the last day of Fed bond buying it could shake the markets slightly, but will likely be the best buying opportunity around.
POT is held each Wednesday night at 7:00pm eastern.
Contract the office at 1- 855 – RWT – 0008 for more details.
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Attorney Stuff
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