1.25.08

We are still staying in cash 100%. There are a few things I want to cover, but I have to drive my wife to the airport. Tomorrow I have all the intentions of getting it done. Thanks for your patience.

Thanks for waiting. The week past was a mixed bag. Three of the indices were up. The Dow, SP500 and the R2K. The NDX and the Comp were both Down for the Week. With the Fed meeting this week a lot of traders are yelling for another 3/4 % cut in interest rates. The Fed, in my estimation, must be careful or it will look like they are working for Wall street and not for Main street. There are still a whole lot of companies yet to report earnings, and a hand full of economic reports this next week.  I see nothing in the market now that has given any clarity as to which direction the market is going to move. We therefore are going to keep our own "powder dry" and stay 100% in Money market. Remember, staying out of the maket is a part of playing the market.

Till next time

The MTA Staff