I am going to write some of my thoughts of stock market investment.  Those thoughts are from the lessens I learn from my 8-year investment experience.  Not very long even if I consider my practice around 2000 is “investment”.  Comments from anyone are welcome.

The FED gave what market wanted but took away the certainty of another rate cut (it all data dependent from now on again ). Now that the suspense is gone, It is the time to do a reality check.

There are still a lot of bulls out there, this is so evident by the fact that the any news is a good news. Every piece of news is spinned to favor the bulls.

Tech is still strong, it is believed that the tech will not be affected by the financial woes and the lower dollar will help tech export.

It will be data-heavy week with numerous important releases throughout the next couple days. The market’s focus now is on the FOMC meeting on Wednesday with a pricing in more than 25bp cut However, today’s BBG head line news indicates the Fed remains cautious in signaling a more aggressive monetary easing, even though recently there are more evidence of economic slowdown in the US has emerged.

When Wall Street needs rumors to push the market one way or the other, you know that how splited the views to the future are. Basically, the bulls and bears are in a stalmate, They try to use anything to gain an upper hand. Based on the reactions to the rumors in the last two days, we may conclude that there are probably just a little more bulls than bears, at least for now.

The coming week is going to be exciting, not because of the Halloween, but because we will have FOMC meeting on Wendneday, an Job report Friday. There are also some interesting earning reports as well.

There are some doubts about last Friday\’s rally and the health of the market heading into the new week. The main questions were about the volumn, and hi/lo list on NASDAQ. Also, SEMI is the laggards again, hitting the low that we have not seen since the end of April. So,what will be the implication of the next week.