Daily Status 2007-12-07
Friday, December 7th, 2007Account Value $919.57
Money $409.57
Securities $510.00
As of 2007-12-07 03:00:03 PM PST
Lots of volatility as investors try to take into account jobs data. Fed may lower funds rate by only 0.25 instead of 0.50 next week. My opinion is that 0.25 is likely. The current market expects a 0.25 cut minimum. I’m expecting to see a small sell off (especially of homebuilders and financials) for a 0.25 cut. No cut would be devastating to the market — eliminating any existing hopes of a year end rally.
