GS earnings tomorrow (16 Dec 2008)

16 Dec 2008 - GS Loss not as bad as expected

In case you are wondering why I refrain from making a post today. Its simply because I don't want to speculate on GS earnings. If it turns out to be not as bad as expected then you might see a rebound on this stock.

The FED is going to announce their interest rate decision tomorrow, that could be a reason for some weakness in the dollar. But judging by what I see in the commodities market space, I think traders are not convinced by the decent gains in Crude Oil earlier in the morning...hence leading to a sell off later in the day.

In conclusion, there is still no decent trend...hence I will stay on the sidelines for a while.

Bulls and Bears lose in this choppy market...so do be patient with your trading ya.