FOMC announcement is today. Many believe we will get 25 basis point cut but some like me believe they will do nothing. I think no matter what they say, initially we get a sell off and then bounce again. Tech is very strong here and when we bounce I would be buying GOOG, BIDU and AAPL, these stock are on complete fire.
Commodities are pullback here and I think they have more to go. I would not be surprised to see gold at $825 area and Oil @ $105 in a jiffy. Also wtahc china stocks here like EJ which seem to be getting some interest along with SOHU.
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