One Day Away
Its almost what I D-Day for the market. It all hinges on one man tomorrow. WWAD? What Will Alan Do? My bets are placed in favor of a rate hike with no hint of slowing down. Why? Because the market has been fueled by speculation that he will hint at a slowdown and if it doesn't happen---Crash and Burn Baby! Either way though, if I act qucikly I wont be hurt bad, the risk reward is just too large not to play the downside tomorrow.
Key areas of potential weakness: Retail, Homebuilders, Financials and any company that needs oil to make its products (ie. Plastic Packaging makers-chances of them making their numbers 1 in 1000)
Safe Haven: OIL (Sad but true)
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