Market Update 3/23/07
The market isn’t doing much today despite my predictions of rallying until March 30th. Even financial analyst Abbie Joseph Cohen prophesied today that the economy was good enough to send the S + P 500 up to the 1,500 level by year’s end. What must be going on is that Ben Bernanke is going to be testifying before congress next week. At least one senator is going to grill him about impending inflation and another will grill him about impending recession. They will not stop until he acknowledges that some small blip in the economy could possibly cause these two scenarios. The media will be so desperate for news that they will have to publicize these statements for one day and the market will probably sell of a little rather than rally as I had hoped. You just never know…
Happy careering,
I.C.Â