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. says

    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.