Where will the market go today, January 29, 2008?

It looks like a small rally, but not the kind that will last.

In as much as we've still got that umbilical cord to the U.S. markets, we may just join that little rally they had yesterday.

Dow Jones +176.72 +1.45%
Nasdaq +23.71 +1.02%
S& P +23.36 +1.76%

Madlen Read of the Associated Press tells us that this rally is mostly in anticipation of another rate cut in an article entitled Stocks Rise on Rate Cut Hopes.

Its another week of speculation on what the fed will do. :)

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