So the FED has finally curbed its inflation fighting zeal with the overnight lending rate now standing at 5.25%. Does this signal the peak or merely a pause before another march up the rate ladder? No one knows.
But one must remember that the stock market is only concerned with the interest rates. One also takes into account money other factors like the strength of the dollar, the price of oil etc . So my first advice to all investors is, keep your eyes on the big picture.
Think about this, I'm checking out for today.
" I'm out"
Quote made famous at an organisational workshop
Linus
Thursday, August 10, 2006
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