It’s Almost Time to Put Up the Hurricane Shutters
January 31, 2008 at 09:49 AM EST
January 30, 2008 – Following the Federal Reserve Open Market Committee’s decision today to lower the Federal Funds interest rate by one-half of one per cent, the Dow Industrials promptly raced higher by about 200 points. The euphoria lasted about thirty minutes before the trend reversed downward. By the close of trading, the [...]