Fed cuts, all markets up
Posted in QQQQ, Stock Market on Oct 31st, 2007
The Fed cut rates as expected, and as expected the markets gyrated, first down, and then up sharply. Gold hit $800 in the electronic session. Stocks gyrated around trying to interpret the Fed non-news, and then finally decided to go higher, with the Qs leading the way up 1.42%, while the DIA was up .89%, [...]