Investors are likely not to feel the love this Valentines DayAll Eyes On Wall Street:
All eyes on Wall Street will likely be focused on yesterday’s investor love affair with Janet Yellen, in which investors re-committed their vows to low interest rates. The love-of-Fed feeling typically does not last forever however, so and investors may just be added to the long list of broken hearts on Valentines Day.
Investors will also be looking closely at the Import Price Index report due out at 8:30 AM EST, the Capacity Utilization and Industrial Production reports due out at 9:15 AM EST, and the all too famous UMich Consumer Sentiment report 9:55 AM EST.
Hindsight is a Beach and We’re Playing on It:
Yesterday was another Yellen-induced love affair, with the S&P 500 (SPY) rising .58%, the Dow Jones Industrial Average (DIA) rising .40%, and the NASDAQ 100 (NASDAQ:QQQ) rising .94%. Today we will hopefully be correct in our love-crushing prediction.
Your Stock Market Forecast for Valentines Day, 2014:
I predict a red day for stock markets, which unfortunately does not mesh with loving. Sorry investors.
Exchange Traded Fun:
Since we are going short, the following ETFs could be incredibly loving towards us:
SH
SDS
SPXU
DOG
DXD
SDOW
PSQ
QID
SQQQ
Fun Fact:
The bitcoin trading site Silk Road 2 just got completely hacked. Like all of their money gone.
The Long and Short of It:
Happy Valentine’s Day to the Bears!
This stock market forecast is for educational and informational purposes only. It is not intended to be investment advice nor an investment recommendation. Past performance is no guarantee of or indication of future performance and your performance may vary widely from any that may be indicated in this column. There is risk of loss in all investing and trading activities and you should consult your financial adviser before making any investment decisions.
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