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Emergency Update*** Fed Cuts Rate to 0 to .25%
Posted On Tuesday, December 16, 2008 at at 11:33 AM by Finance FanaticWell, it's official. We are in 0% lending territory. This is a first for the US, and quite frankly scares me to death. This coupled with the moderate GS earnings today, expect the market to end on fire! We may end up over 4%. However, the way I look at it, is that we have no where else to go. We are all out of morphine. We should be in for a rude awakening shortly. I will discuss on this issue more on the daily wrap up.
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