Rebound?

• Posted by UpsideTrader
• on December 18th, 2008

We have the Philly fed and weekly jobless claims on tap for today as the market will try to shake off yesterdays profit taking session. Yesterday the greenback hit multi- year lows against the Yen and Euro and that will be a point of interest going forward. It’s snowing in Vegas so I don’t rule anything out anymore.

Many sectors are getting over sold but that isn’t a precursor of anything anymore, it’s just something to be watched. Fairfield Greenwich Capital may sue their auditors over the Madoff affair, give me a break, sounds like the two drunks in first class that are suing the airline for over serving them.

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