Thursday, September 25, 2008

R.C. Market Report 09.25

  • Market Trend: Neutral
  • The market caught a bid today, expecting a conclusion to the bailout plan. I find it a little worrisome for tomorrow's action that the market went up in anticipation of the annoucement. RIMM's earning disappointment is also weighing down on the market after-hours. Therefore, I'm not expecting great upside for tomorrow. What if the Senate decides not to offer a one time lumpsum loan, or drag it into the weekend. Too many variables that can go opposite of the expectation. Instead, I'd wait until next week for any chance of a sustainable rally.

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