As we grind toward May 16 and the anticipated Federal Reserve interest-rate increase, the markets are likely to become even more fidgety. Many economists now expect a 50-basis-point move, and practitioners of the Dismal Science are divided on how much more tightening is in store.
As our economist,
, has consistently
pointed out, growth remains very strong. Inflationary pressure is not lessening and concerns about imbalances in the economy are only growing. And the Fed doesn't like that.
On the bull side of the equation, some believe that the lagged impact of the Fed's work will start having an effect sooner rather than later -- supporting those who believe the Fed is about done with its work. Whatever the case, as
points out in
The Coming Week, the Fed will be the focus.
Sometimes they're surreal. But they're always instructive and entertaining. I am, of course, talking about
, a fictional portfolio manager at a go-go mutual fund, and his pal and head trader,
. These characters, creations of
James J. Cramer
, provide an interesting view of the market and the daily dynamics of trading. If you haven't yet read about
what they're up to, I encourage you to do so. Buzz, in particular, is quite a character.
Net stocks have provided both thrills and nightmares in the past several months. Right now, the going is decidedly tough.
, who is about to launch a fund focused on the Net sector, is our
Streetside Chat guest this week. I encourage you to read his comments about the sector.
On the go? We're there for you. Check out our wireless page at
www.thestreet.com/street/wireless.html, where you can use AvantGo to download stories into your wireless device so you can read them on the train or bus or in your living room. But try not to read and drive at the same time.
As a reminder, I encourage you to check out Personal Finance Focus, published each Saturday. This past Saturday
wrote about his
tax tips and
protecting the value of your stock options. Always a lot of good, useful stuff on Saturdays.
Finally, if you've got any concerns or comments, you can email me at
firstname.lastname@example.org or our customer support staff at
email@example.com. Thanks for your support, and we'll keep hustling!
L'Etoile du Nord
Dave Kansas is editor-in-chief of TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, though he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. He welcomes your feedback at