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Don't watch TV today!!

January 22nd, 2008 at 06:22 am

Looks like the stock market is really going to go down today. Also, the fed lowered the interest rates, and that is bad for savers. I have a c.d. coming due on Tuesday. I was all set to take that money to a bank in the next town that is paying 5%. I bet that rate will change this week!!

5 Responses to “Don't watch TV today!!”

  1. Broken Arrow Says:

    I guess it's a good thing I don't have a TV then. Big Grin But I do have the market tickers running and updated every 20 minutes so....

    Ahhh... personally I love it. I hope it keeps going down because I'm getting ready to buy in a few months.

  2. thriftorama Says:

    It makes me steaming mad when the Fed cuts rates. It punishes savers, and sends a message that no matter how bad people and companies screw up, someone will be there to bail them out. Argh. I may have to find something else to do with my savings.

  3. Nic Says:

    It dropped, than recovered a bit. We'll see what happens. Hopefully,everyone is well diversified in their IRA's,401K's etc. BA has a great outlook....GO Stock SHOPPING. Smile

  4. Aleta Says:

    I am hearing so many of the commentators say how much they disagree with Bernanke. It's true, we as savers will have to pay for over zealous and greedy bankers and people who wanted to flip their houses. I had a chance to do that and in all honestly, I knew that the bottom would have to fall soon. The Fed should let the banks work out of their own messes that they have created. Anyway, it was a stock sale day for those who wanted to and could buy on the dip.

  5. boomeyers Says:

    For me, it is entertainment to watch the stock market go up and down. I am with BA, bargain shopping!! Smile

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