Replies to post #2884 on FinancialAdvisor's College Class (FACC)

[AnderL]

It's either clever bulls quietly accumulating in the event that Greenspan and the Fed decide NOT to raise Interest Rates based on weak GDP numbers.

Or it could be a bull trap as everyone is hyped about the Iraqi election and is blind to the FOMC meeting as the talking heads never once mentioned the FOMC meeting and devoted almost half their airtime this weekend to the Election.

Everyone is 100% sure that its going up .25%. Some are slightly suggestive that it goes up .5%. When everyone is that cautious I'm concerned. It would be the ideal time to not raise rates. What with the markets just coming off a ideal retracement level with strong support.

Everyone needs to be careful going into this IMO.