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Fed cuts

March 18th, 2008 at 07:30 pm

Well, the fed cut the interest rate again, today. I guess this means all of our savings account rates will go down again. Darn!

Posted in Uncategorized | 4 Comments »

4 Responses to “Fed cuts”

  1. merch Says:
    March 18th, 2008 at 08:39 pm 1205872748
    1205872748

    I think the bottom is in. I am looking for a retest over the next week and then if it holds, I'm going long financials.

  2. Bookie Says:
    March 19th, 2008 at 12:47 am 1205887654
    1205887654

    I'm so grateful I bought those 12-month CDs last August/September.

    And I'm gonna be so sad when they mature at the end of summer.

    Smile

  3. baselle Says:
    March 19th, 2008 at 02:56 am 1205895395
    1205895395

    Yeah, I know, just hurry up and cut the rates to zero. Then we see what really will happen.

    None of this rate cut, stocks go way up, stocks go down, then more down, something explosive happens in the credit market, then another rate cut.

    The Fed can't do it too many times more - just delaying the inevitable.

  4. Broken Arrow Says:
    March 19th, 2008 at 01:19 pm 1205932774
    1205932774

    What merch said!

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