Posted by Blain 31 October 2007

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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Comments

  1. Posted by The Investor's Journal on October 31, 2007 at 2:38 pm

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

    Happy Halloween

  2. Posted by Jorge on October 31, 2007 at 2:46 pm

    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.

  3. Posted by Jorge on October 31, 2007 at 3:06 pm

    Huge rebound!

  4. Posted by Bubs on October 31, 2007 at 3:22 pm

    Bears are dead

  5. Posted by Blain on October 31, 2007 at 3:56 pm

    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.