Stock Investing Guide

Hello All, Not a great way to start the week ahead of tomorrow’s Fed announcement.  On the heels of a historic downgrade in the U.S.’s credit rating, the Fed may have little left in its arsenal to prevent further devaluation in US stocks.  Nonetheless, the Fed HAS to do something tomorrow to hold the market at current levels and prevent a continued downward spiral, without losing much more credibility.  Gold and Treasuries were the only real winners of the day, and there is no indication that these moves are close to running out of steam.  My 1116 target on the S&P has come and gone a lot sooner than expected, and given the unprecedented nature of fundamentals, we will probably sit on our hands awaiting the Fed announcement.  Crude has fallen to its lowest level in 9 months, and if we are in a true double dip recession, we could possibly see another $20 underneath.  Once again we’re trading human psyche, with the VIX fear gage near 2009 highs.  Are we done with the margin calls? or are we in for another leg lower?….History in the making folks..Stay tuned. Arman Vahdatinia President, Chief Market Strategist 1-877-338-EXPO [3976] ext. 25 www.ExpoFutures.com *There is a substantial risk of loss trading futures and options.  Past performance is not necessarily indicative of future results.

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