Morning Market Outlook - $IWM $QQQ $GOOGL $AMZN $FB $OSTK $BIDU $TREE $GDX $XLE
After yesterdays 'swoon', prices are in recovery mode this morning. Let's face it though, despite some of the nasty pull backs in tech it wasn't a miserable crash or the long awaited correction. It was just another instance of luring in the bears yet again, before the market heads to new highs.
Today concludes the September FED meeting. Some have deemed it the "most important FED meeting of the year". You could also call today's sunrise the most important sunrise of the year.. at least until, hopefully, the sun rises again tomorrow. And let's not forget about the weekend. The sunrise on Monday is equally as important. Come Monday that sunrise will have a lot more relevance to us than the sunrise that occurred today. Although without today's sunrise, Monday's sunrise would never have been possible.