We need a piece of good news from the fediots to really get this going. I go back to the fact that the euros raised by 1/4 rather than 1/2 and to keep that relationship intact with a net 1/4 gain for euros, we shouldnt raise at all. US shouldnt be fighting inflation at the expense of our prosperity alone. Time to take the pause to refresh. Someone on Bloomberg was talking about KOHN as #2 being able to influence BB to be more like AG and not try to target inflation too much. And Hank Paulson is at Treasury so in a sense we have a more clintonesque team running things now than before.
Closing numbers
Dow 10,938.82 +7.92 (0.07%)
Nasdaq 2,145.32 -6.48 (0.30%)
S&P 500 1,257.92 +1.77 (0.14%)
10-Yr Bond 4.992% 0.34
NYSE Volume 3,463,730,000
Nasdaq Volume 2,943,105,000
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