3/18/08

Forget about the Fed language.....

What is important is that they want to keep the financial system out of trouble and help avoiding a disastrous recession by lowering short-term interest rates.

All their other wordings is just nonsense.

The markets understand this. Stocks are soaring. Gold is strong. Energy trusts are strong. The dollar is weak.

The markets are consistent.

More on https://www.peterdag.com/.

George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977

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