The Dow is now down triple digits this morning, with selling being the order of the day. It has been a gradual, bumpy slide, so sentiment is apparently not universally bearish. The FOMC minutes to be released this week may keep a lid on volatile markets in either direction. No one expects the FOMC to change rates anytime soon. However, the risk of a surprise, I believe, is to the dovish side this week.Monday, August 4, 2008
Stocks Dip Triple DIgits
The Dow is now down triple digits this morning, with selling being the order of the day. It has been a gradual, bumpy slide, so sentiment is apparently not universally bearish. The FOMC minutes to be released this week may keep a lid on volatile markets in either direction. No one expects the FOMC to change rates anytime soon. However, the risk of a surprise, I believe, is to the dovish side this week.
