Tuesday, August 7, 2007

Huge Day!

Today is going to be a huge day for the market! Big Ben is going to speak, hopefully relieving some concerns over the recent credit crunch. Ben has to make a statement today in order to keep the bears at bay. The fed needs to calm investors and restore some confidence in the domestic market. The dollar is week and credit is shot, but Ben needs to reassure investors that this is just a temporary setback and the worst is over.

On lighter news Apple has summoned the press to the Apple compound to reveal something. There has been a lot of speculation on what exactly Steve Jobs is up to, but the consensus is likely an upgrade to the mac. Apple stock rallied yesterday and has a nice start today on anticipation.

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