Tuesday, December 11, 2007

An unexpected tragedy? (the fed .25% rate cut)

Apparently the market wasn't pleased that the fed cut interest rates by .25% even though this was expected. More likely, the market responded to the failure of the SuperSIV fund, Morgan Stanley predicting a recession, a sobering statement from Washington Mutual, a frozen Bank of America money market and/or the government backed Fannie Mae not seeing a recovery until 2010. Nah, we should probably just listen to the front page headlines and "blame the fed*."

*But please don't sell your stocks.

This dude's got it i think:

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