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I Predict One More Day For The Bulls

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Courtesy of John Nyaradi.

I Predict One More Day For The Bulls

Executive Suite: John Nyaradi | | December 9, 2013 8:00 am

The bulls will likely run one more day as investors anticipate the Fed and Congress

stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USOThe Fortune Teller Speaks:

I predict another day of positive stock market returns, based on investor sentiment regarding the Federal Reserve and last week’s jobs data.

Wall Street Beats & Jives:

All eyes on Wall Street are still bright and bushy tailed from last Friday’s jobs report bonanza; investors suddenly decided that good economic news was indeed good news, even if it potentially means no more Fed tapering.  Investors spent the better part of last week selling off stocks in reaction to good economic news, which is ironic and sick, but unfortunately true.

Today all eyes on Wall Street will be focused on the Fed, as Fed members Jeffrey Lacker of Richmond, James Bullard of St. Louis, and Richard Fisher of Dallas are all scheduled to speak today; many investors feel today’s remarks will foreshadow the policy moves at the next Fed meeting on December 17th-18th.  Many feel that the Fed may begin tapering before the end of the year, and many feel that the Fed will wait until 2014, I am just going to say that nobody knows for sure and that the employment goals set out by Fedster Ben Bernanke and Fedstress Janet Yellen have not yet been reached.

Click here to learn more about John’s book and for a free membership to Wall Street Sector Selector

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