Major Market Movers

Before the Storm…

The week has come to an end, a week that was supposed to be calm from the beginning till the very end, but Mr. Bernanke and his pals had another idea, turning the markets up and down by cutting rates in an unusual meeting, while now we are trying to be ready for next week...
Today might be just the calm before the storm, it’s the perfect end for a week that lacked major economical fundamentals, and the perfect staging area before we get into a very busy week, the long waited week, where we have GDP reading for the fourth quarter 2007, the FOMC rate decision, and the jobs report at the end of the week, not mentioning some important inflation indices like the PCE and all spending data, the ISM indices and the ADP employment report. Next week will be an important determinant for market directions and will set the path for the U.S. dollar once and for all.

Today we are gonna have to wait and see, today is the day for preparation and holding breaths, it's the day for building theories and ideas, all arming with all weapons to fight in the great battle next week, so you might as well dear reader get prepared and fully armed.