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A "WISE" person forwarded this to me and

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Bev9999 Member Level  Wednesday, 01/03/01 11:38:26 PM
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A "WISE" person forwarded this to me and I thought it was something I would like to share with everyone. The big news for Thursday January 3, 2001, was of course the aggressive
Fed decision to cut rates. The market exploded on this news with the Dow up 299.60 and the Nasdaq up an amazing 324.83, +14.17%. This news helped investors' confidence over the current economic conditions and thus brought out the bargain hunters to stage an impressive rally. The FED hinted that the door is open for yet another rate cut at the month-end FOMC meeting.



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