October 30, 2008

A boost on Wall Street

Category: Uncategorized — admin @ 3:01 pm

It’s not over, but there was some positive news on Wall Street this morning. 

 

First, the Federal Reserve decided to cut interest rates again (second time in a month) down to an even one percent. 

 

Then came news that the economy’s contraction in the third quarter  was only about half what experts predicted (down .3 percent and not .5 percent).

 

Stocks jumped 1.5% including the Dow Jones which went up 150 points.  Experts say that we are finally transitioning from “Don’t Buy” to “Buying a Little.”

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