23 January 2008

Thank goodness for the Fed

The Federal Reserve decided to push the envelope and cut the federal funds rate by three-quarters of a percent which, depending on who you read, is either the most in decades or the most ever.
Regardless, it seems to have worked. The anticipated plunge in the Dow didn't happen, and both European and Asian markets also appeared to be stabilizing.
For those of us with a share or two in the market, that's good news...

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