The Fed giveth and the Fed taketh away. The Fed lowered rates today by 25 basis points.
Good news or bad news? You decide. For me, I'll take the short side on this one.
I think this might put the kibosh on things for a while.
Here's a link to the official press release: FRB Press Release
RAC
The Stock Trading Advisor
Tuesday, December 11, 2007
Selling Stocks Short; December 11, 2007
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