A surprise from the Federal Reserve in cutting both its Fed Funds rate and Discount Rate each by a half point. Short and intermediate bond prices rose but long bonds fell. The S&P has risen to the 1500 level so far. This will likely create a new dynamic in the markets going forward.
Undoubtedly, there will be much news about this on the net; so, take notice.
Tuesday, September 18, 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment