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coolhand

05/07/06 9:38 AM

#410 RE: DESKJS #409

With the dollar in free-fall the I fund is probably a good place to sit for the ST. It's like a train doing 80mph. It's probably not going to stop on a dime.

It will be interesting to see where the dollar finally finds support. The FOMC meeting Tuesday has the potential to be a big market mover with respect to currency and equities.

Judging from the dollar's action of late, it would seem the market is betting the fed pauses.

I went 30/70 SI on Friday, but may pull back 50% Monday until after Tuesday. I'm afraid this may be a case of buy the rumor and sell the news.

Good luck all.