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wants you in this market. I can tell that even from the Arizona desert.
surprise move today was all about changing investors' psyche. The Fed thinks that the banks are unwilling to lend. The Fed knows that investors don't want any risk, so it picked a day when the market would have gone up fabulously all by itself to take action. It did that to shut up the naysayers and to fool all those jokers who kept telling you that the Fed wasn't going to do anything (fortunately, I wasn't one of them). While the market now seems extremely high from where it was just 10 days ago, that's how it always feels when it is still not too late to get in. You know my views; as I said before I left, "I love this market." The Fed's action only makes me love it more. Bravo to Alan Greenspan. Back to the desert.>To order reprints of this article, click here: Reprints
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,801.23 | 1,342.64 | 2,903.88 | 19.69 |
Oil *
117.67
|
|
DOWN
89.23 |
DOWN
9.31 |
DOWN
23.35 |
DOWN
0.78 |
10 Yr
1.97%
SPDR Gold
167.14
|
|
-0.69%
|
-0.69%
|
-0.80%
|
-3.81%
|
Data delayed 20 minutes |
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