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To: tmp02
60 points off the DOW is what, something like a move of one half of one percent? Happens all the time. No big deal, really.
1,252 posted on 01/28/2004 11:37:30 AM PST by Labyrinthos
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To: Labyrinthos
The market drop is because the Fed, while keeping the rates unchanged took out the statement that they will keep it that way in the foreseeable future, which is what they have been saying the last couple of times. This means, they are injecting some uncertainty, so people can start worrying about whether or not the Fed will raise interest rates, but there is still no reason to do so.

This is just a temporary reaction, things will stabilize again in the market in a day or two, once people realize that "it's much ado over nothing".
1,258 posted on 01/28/2004 11:47:55 AM PST by FairOpinion
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