Another Day at the Markets!

After the FED held rates at the current rates the market began to show sign off a run but what seemed so did not last too long. The market went into triple digit territory and right back to red territory. That is usually a sign of a battle between the bears and the bulls with the bears taking the market and closing up only a few points. The market does not too strong. Home prices are dropping, fuel prices are rising and consumer confidence is decreasing. Large companies are laying off left and right and consumers are not shopping as they used to. Rising food costs are sucking paychecks and unemployment is also rising. During this time, it is good trade puts on dips or wait on the sidelines for the reversal which may not happen till this time next year.

The mighty RIMM fell today based on earnings and is currently down over 10 pts. in the after-hours on profit potential. Honestly, how long could they have kept this up? How many Blackberry's can you sell, after you have sold a millions. Split after split (even when other companies could not split) and beating earnings after earnings. Either way, its a great product and a solid company as long as they continue to make good, innovative products. Till next time.

Either way, there is always a trade to make at www.freeoptionspick.com