sanfelipe's clueless friday, page-2

Fed to keep interest rates low at least through mid-2015 and instigate $40billion of additional MBS purchases monthly, at least until year-end.

Gold and Silver have responded positively as I type (up 1%and 2% respectively), and CNBC brokers advising buying of property stocks, financial stocks and into some cyclicals (especially industrials and materials)..... for the US market.

Other CNBC brokers advising this represents a time to potentially offload some stocks (sell into whatever rally eventuates over the next few days/weeks).

What this means for the XJO is anyone's guess, although I'd still like to see a double top (to 4500) in the not too distant future.
If you're sitting on the sidelines, holding cash... do you continue to stay out of the market?

Time for some comments from a couple of the resident thread experts methinks!!

Hoping for a green Friday in any event.