Showing posts with label Don Harrold. Show all posts
Showing posts with label Don Harrold. Show all posts
Tuesday, March 09, 2010
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:
Labels:
BAC,
Don Harrold,
Federal Reserve,
FNM,
FRE,
GS,
MS,
Recession,
WM
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