17.12.2008 - Commodities and bonds
From Insidefutures.com: Goldman Sachs reports earnings this morning with Morgan Stanley due on Wednesday. The Fed should cut the funds rate later today to .25% which will mark the lows for U.S. short-term interest rates for the cycle. OPEC meets on Wednesday and will undoubtedly announce further reductions in oil quotas that may or may not be adhered to. If all goes according to plan- which would make for a pleasant change- the U.S. dollar should be at a correction bottom this week, gold will be making a price top, and the equity markets will continue the slow process of shifting over to a more positive health care/biotech theme..... Full Article: Source