Rate hike was recieved well

Stocktrading101 · #1 (**permalink**) 12-13-05, 11:26 PM

Wouldn't you say? I think the bull's were content with this and turned the day into a fine one.

Matt Moss · #2 (**permalink**) 12-13-05, 11:58 PM

Oh of course. The DJIA was up around 2.xx before 2:15 and rallied to +55.95 after that. I think primarily this was due to possibly dovish comments made by the fed, or perhaps simply due to the LACK of hawkish language. Regardless, I don't need to know exactly why Wall St. took the news well, I just need to understand that they did

WallStGolfer31 · #3 (**permalink**) 12-14-05, 12:17 AM

Quote:

Originally Posted by Matt Moss

Oh of course. The DJIA was up around 2.xx before 2:15 and rallied to +55.95 after that. I think primarily this was due to possibly dovish comments made by the fed, or perhaps simply due to the LACK of hawkish language. Regardless, I don't need to know exactly why Wall St. took the news well, I just need to understand that they did

It's becasue he signaled a possible end "shortly" per say