Wednesday, Dec 12, 2007
Sorry guys, to make up for the 1/4 point cut yesterday - Now Stop Crying Boys
Yahoo - AP: Stocks Climb Sharply After Federal Reserve Unveils Plan to Work With Other Central Banks
Wall Street shot higher in early trading Wednesday after the Federal Reserve announced a plan to work with other central banks to alleviate a global credit crisis. The Dow Jones industrials surged more than 200 points.
Investors upset by the Fed's quarter-point rate cut Tuesday were relieved by the central banks' commitment to help the economy weather the ongoing credit and mortgage crisis.
The dollar fell against the euro and pound but rose versus the yen. Gold prices rose. (Gold certainly jumped this morning around 10 cents in a couple of hours). Guys, if you wanted any confirmation or justification to buy GOLD, here it is.
Posted by stevie dee @ 03:00 PM (120 views) Add Comment
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