- Better than expected or in-line jobless claims numbers. The expectations have gotten sufficiently low that there is a reasonable chance that they can be beaten.
- BOJ yen intervention to weaken the yen. It is a temporary boost to investor psyche in Japan and Asia which would carry over to the US for at least a day or so.
- Fed chatter when they gather on Friday and Saturday in Jackson Hole about more quantitative easing. This would only be a short term boost to the market but would provide an excuse for a bounce.
Tuesday, August 24, 2010
Rally Catalysts
Here are a few catalysts for a bounce that I am thinking of right now:
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