The market has faced huge volatility in the past few weeks that either strengthened your portfolio or smashed it. The FED cut rate by3/4 point which gave the market the springboard it needed. Today the government stepped in and approved the rebate checks for tax payers which could extra money in some people's pockets. Not bad to get some cash back for all those taxes we pay. Will the FED cut again next week? The market seemed to have speculated that another 3/4 point cut was coming next week. Could it be so? If they do not make this cut happen the market could go south instead and hard. Some say we are experiencing a dead cat's bounce into a bear's stomach. There is still some information that needs to come out from banks etc that could put a plug in the party.
Thursday, January 24, 2008
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