Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, March 21, 2007

Up, Up and Away!

Stocks responded with glee to the Fed's announcement that rates would remain the same. Surely, there was no surpise with this one, but markets breathed a sigh of relief, nonetheless. Techs added nearly 2%, while the Dow added about 1 1/2%. Fed comments were still cautioning about inflation, but Wall Street didn't seem to notice those remarks. DJIA +159.42 NASDAQ +47.71 S&P 500 +24.10