Tuesday, September 18, 2007

Eve of FED meeting

Haha, important day is here - FED meeting :P From the looks of Dow now (+97), seems we're set for at least a rate cut of 25 basis point.

STI closed neutral after gapping down. Okay lah, I expected worse and it didn't come out so bad. STI close 1.44 up at 3477 with a volume of 1.9 billion. If rate hike drops, property counters should cheong. That's what is happening, just take a look at the top counters today, all the 'land land' stocks all rallied, haha :P

Europe not bad, around 1% gains. Dow now is at +84. Must wake up early tomorrow to see action :P I think FED results out at 215 pm Singapore time, anybody staying to watch the live action unfold?

Good luck tmr!