My analysis, if any wording taken out regarding inflation the market will be up 100 plus points.
I wouldn`t even be surprised if it starts taking off, even before the Entire Statement is read!
The one possible negative would be if he added something about the state of the economy that spooks investors, but even then, that would probably be a secondary reaction, i.e., take a day of digestion for people to think over.
He usually goes out of his way to reassure markets, see his last 6 speeches, so unless the dollar starts getting hit, b/c the world thinks he`s a "puppet for WS and the govt." and too soft on inflation, the market should have a heavily green buying day, maybe even a 150 point day.
After that I think there will be plenty of sellers into that rally, and two months from now we will be under dow 13,000, but the trade tomorrow looks to be green, based upon his previous speeches, and the market`s reaction. The Bulls are just looking for any excuse to go long tomorrow, if only for a short term trade!
I wouldn`t even be surprised if it starts taking off, even before the Entire Statement is read!
The one possible negative would be if he added something about the state of the economy that spooks investors, but even then, that would probably be a secondary reaction, i.e., take a day of digestion for people to think over.
He usually goes out of his way to reassure markets, see his last 6 speeches, so unless the dollar starts getting hit, b/c the world thinks he`s a "puppet for WS and the govt." and too soft on inflation, the market should have a heavily green buying day, maybe even a 150 point day.
After that I think there will be plenty of sellers into that rally, and two months from now we will be under dow 13,000, but the trade tomorrow looks to be green, based upon his previous speeches, and the market`s reaction. The Bulls are just looking for any excuse to go long tomorrow, if only for a short term trade!
