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The fix is in...
...the Fed cut the reserve rate .5%.
At this writing, the DOW is up 200+! :popcorn: |
shocker, more rich people just got rich...SCHWEET.
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our systems are going NUTS
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Why do people hate "rich" people? Hell, I envy them - I'm trying to become one of them! |
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The DOW is going nuts, ranging from +35 to +195... |
Great, and I am rolling my 401k now!
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I don't hate, I'm for it. As a business owner I have NO problem with rates going down. Kind of hard to grow when you can't get loans. |
Nice shot in the arm, but expected effect on this
junkie-like M, imo. The bloom will be off the rose in a few days or less, and back to the Sturm und Drang of this frenetic Mkt and the economy's effect. Gold is at Qtr century high, oil prices will affect nearly everything we see, buy, use, consume and, they keep printing dollars like they are, well...just dollars. My port is gonna be carefully culled in the next few weeks. Tough to pick 'em these days; cash/cash equivalents are king until that ol'monster Inflation creeps in again. Seatbelts and helmets on. GL,mD |
This is a slight problem. Now the CDs I'm about to put money in (once my current one matures) are likely going to have lower interest rates. And the US Dollar is gonna be worth even less..........IIRC higher interest rates tend to lead to higher currency rate as more international people want to buy greenbacks.
Perhaps its time for me to invest in foreign currencies. The USD is so worthless thesedays. |
Like MD said and :iagree: "Seatbelts and helmets"
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