Nancy Lottridge Anderson, Ph.D., CFA, and her staff offer expert advice and personal service. We offer our services on an hourly or retainer basis for our clients. Our services include account management, stock and economic research, retirement planning, and 401k slate analysis. We manage investment accounts of any size and tailor the portfolio to meet your specific needs. For clients of ours, we are available to help with any financial situation you face.
Independent, Fee-Only Financial Advisor
Tuesday, January 29, 2008
Will the Fed cut again?
Stocks made another gain Tuesday, as each index finished in the positive. Two consecutive days with gains really has me with a smile on my face. Investing pros are expecting a half percentage-point cut in the Fed's key rate target, to 3%, on Wednesday but could be disappointed if it is anything less. Late in the trading day, the House of Representatives passed a recently proposed stimulus package of tax rebates by a landslide vote of 385-35. But the bill faces an uncertain future in the Senate, where officials may change the package's details in ways that House members or President Bush find unacceptable.
DJIA +96.41 Nasdaq +8.15 S&P 500 +8.33