Wednesday, October 31, 2007

Bernanke's Treat!

Bernanke cuts .25 basis points, and the market roars. I expected a .50 basis point cut to help the financials, but I'll take what I can get. This means that the NASDAQ stocks are poised to melt up, as stock buyers will pay more for their earnings. They don't need the cuts, like the financials do!

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