Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, January 31, 2006

What Goes Up.....Keeps Going Up?

The Fed raised rates again today. In Greenspan's final speech, he brought the market to a temporary standstill as he raised interest rates to 4.5%. Stocks froze, then went up, then came back down again just before closing for the day. There is a light at the end of the tunnel, though, as expectations are that rates might be raised once more in March, and then stop. And I say thank goodness for that! DJIA: -35.06 Nasdaq: -0.96 S&P 500: -5.12