Interest Rates Update
Posted by Blain Reinkensmeyer
October 31, 2007 at 2:34 pm
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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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
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.
Huge rebound!
Bears are dead
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.