Two Ways To Play: Fed Ain't Done Yet
Strengthen your portfolio in good times and bad.
At a panel discussion in Frankfurt, Germany, Bernanke said, "The continuing volatility of the markets and recent indicators of economic performance confirm that challenges remain. For this reason policy makers will remain in close contact, monitor developments closely and stand ready to take additional steps should conditions warrant."
Bernanke's statements coincided with the start of the G-20 summit today in Washington. The world's leaders will meet for 2 days to discuss the global financial crisis and what actions are necessary to stabilize the world economy.
For more, see Minyan Mailbag: Gold to Break to Upside, Dollar to Collapse by Professor Lance Lewis.
From the Bull Pen: If the broader markets rally off of this event, look to high-beta stocks like Apple (AAPL) for a tactical play and consider a sell stop near $90-$92 if testing the upside.
From the Bear Cave: The momentum may be in the bull pen, so bears can consider sitting this one out. When the time comes, revisit downside plays relating to the global recession, like MasterCard (MA) or Caterpillar (CAT).
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