Independent, Fee-Only Financial Advisor
Friday, August 10, 2007
Will the Fed cut rates?
Stocks, which were in the red throughout the morning, bumped a bit higher as the Fed made moves to ensure the markets had adequate liquidity. "The extra Fed liquidity added a little stability into the market, at least for today," said Robert Pavlik, chief investment officer at Oaktree Asset Management. The major indexes made a run higher into the last 30 minutes of the session and ended mixed. The market this week has been all over the place and I think we all could use a two day break. DJIA -31.14 Nasdaq -11.60 S&P 500 +.55
Posted by Jeremy Stringer