Good News, Bad News

Markets bounced. Large-caps gained about 2 3/4%. NASDAQ posted a 3+% gain. Wow! What's up with that? Well... the Fed is hinting they may lower rates again. Sounds good, huh? Wall Street liked that hint and sent stocks skyward. Of course, the bad news is that the Fed is considering the move because of continued weakness in housing. The recovery for real estate keeps getting pushed back, with late 2008 being the newest estimate. DJIA +331.01 NASDAQ +82.11 S&P 500 +40.79