Dow up 365!

Posted by David A. Peterson on 22. December 2008 in Issues |

On Tuesday December 16, 2008 the Dow shot up over 350 points. The general thinking is that this gain was due to the Federal Reserve’s action of lowering the Fed Funds rate 0.75% points. We are told that the Fed is looking for a range between 0% to 0.25%. A 0% to 0.25% rate means that the banks are […]

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