Have a Happy Holidays!
Posted by Jordan Crouch on December 17, 2007
The market isn’t in turmoil but it’s not peachy either. As expected last week, the Federal Reserve lowered the Fed Funds Rate another 25 basis point. But the market wanted 50 basis points and responded negatively Tuesday afternoon, sending all the market indexes down. Investors are so hard to please!
US inflation is on the rise and former Fed Chairman Alan Greenspan is mumbling about stagflation (when inflation is up and economic growth is down). Not what you want to hear during the Christmas season. I’m sure Big Ben (Brenneke) doesn’t want to hear that. How’d you like your former boss second guessing every move you make and telling everyone about it?
Whatever the market does for the last two weeks of the year, I’ll be ignoring it in sunny California. I am taking a break from posting for the rest of the year. But make sure you come back in 2008 for some big changes around here.
Have a great holiday and see you next year!
