[wardaddy]

Well, at least he's not on an irrational exuberance kick.

I would bet the markets will be back up some quite soon.

I see no good reason yet to even hint at hikes...if anyone here feels otherwise (besides the Goldbug/doomgloomers) please feel free.

[LurkingSince'98]

Pardon! Momento! Excusa!

Where did you get the idea that the Federal Reserve sets the rates?

Sorry! The market sets the interest rates all the Fed can do is print more or less money to try to effect the rates.

Nice Try!

Regards,
Lurking'

[expat_panama]

Exactly. I get all grumbly when the indexes dip, forgetting that I can only sell high after having bought low. As luck would have it I've been waiting for precisely this buying opportunity -- having just opened a new margin account with Ameritrade...