12-12-2007, 12:16 AM
> We get another quarter percent drop in the prime rate to help boost the economy, so what
> does the DOW do?.... drops nearly 300 points today.
Maybe because a drop in rates guarantees a sinking dollar; a quarter-point doesn't reassure the vast majority of investors who are idiots and think that the fed should have cut it by a whole point just to bolster the slow housing market; and analysts reported this week that inflation is expected to have gone up considerably this quarter and is likely to go up as much or more in the next quarter.
Maybe.
> does the DOW do?.... drops nearly 300 points today.
Maybe because a drop in rates guarantees a sinking dollar; a quarter-point doesn't reassure the vast majority of investors who are idiots and think that the fed should have cut it by a whole point just to bolster the slow housing market; and analysts reported this week that inflation is expected to have gone up considerably this quarter and is likely to go up as much or more in the next quarter.
Maybe.