Monday, July 14, 2008

Stocks Ride Fannie-Freddie Roller Coaster

After the stock market futures rode the Fed's Fannie-Freddie roller coaster up 130 points overnight and during pre-market trading:
Now the stock market indexes have given up all their gains and are now down during the day session:
These roller coaster rides are made for swing traders. Keep your seat belt buckled for the ride. This is only the beginning, and I should expect more swings today. It's a roller coaster, after all!