Interest Rates Update

Very quickly here wanted to let everyone know if you don’t know already that the Feds have cut rates by a quarter point, .25%.

This was expected and the market immediately sold off after the news but now looks to be climbing back as of 2:30 PM EST. So, keep an eye on your positions and look for a full market summary to come after the close.

Also a heads up tonight I will announce the winners of the top commentator contest for October. Happy Halloween.

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Related Posts From the Past:

• Fed Leaves Rates Unchanged, Market Fights For Direction
• Fed Cuts Rates, NADSAQ Closes at Multi Year Highs
• Are Last Week’s Market Woes A Sign of Temporary Setback?
• After the hike in the Far East
• Feds Cut Rates By Half A Point, Market Rallies

Comments on "Interest Rates Update" are closed unless our forms appear below.

Comment by The Investor's Journal

2007-10-31 14:38:44

Man that was fast. Did you have two posts prepared, one for a rate cut and one for a non-rate cute? lol

Happy Halloween

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Comment by Jorge

2007-10-31 14:46:50

Yeah it’s ugly out there. Hurts more when you’re options are open! Just remember.. never sell during a panic. Panicking never made anyone money.

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Comment by Jorge

2007-10-31 15:06:08

Huge rebound!

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Comment by Bubs

2007-10-31 15:22:51

Bears are dead

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Comment by Blain

2007-10-31 15:56:07

Discussion started on the forum,

http://www.falkininvesting.com/forum/investing-discussion/2431-interest-rate-cut-25-today-future-market-outlook-new-post.html

NASDAQ will close today at highs not seen since apparently January 2001.

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