The market needs to have interest rates cut. I think the Fed has overdone it. |
The one thing that's been saving us is the Dow. The Nasdaq will affect us for a few days here, but it's the Dow we have to watch, |
This is not a retail driven market. It's the hedge funds, the mutual funds and the institutional investors driving the action ... they come in all buying or all selling and that's why you're seeing so much volatility, |
We saw a lot of buying coming in this morning but it was more of a short covering rally than new money coming in. But there are nervous things going on ? the election, the Fed, and these are all issues that are weighing on the market right now, |