Ben is Starting to Get It

The Fed got it almost right, a 50 point drop in rates would have been a little better, it would have given them a little more ammo in six months but for now this is ok.  In our opinion the S&P 500 will now start working the 1285 to 1335 zone, complete a bounce base, and start the bounce over the next 6 weeks.  The Dollar should improve and gold and commodities will have some bounce taken out ot them, maybe even see some sharp declines.  More than likely this will be the last interest rate decline for the next six months.

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